Off Licence for sale in Essex

Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, densely populated residential area, ESSEX

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised by the vendor that the gross profit is in the region of 25%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £50 p.w. The business also has Paypoint which we understand provides a further commission of approximately £50 per month.

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £13,100 p.a. exclusive of rates for the next 1 year, with rent to be agreed thereafter. (As will be appreciated with the current rental income from the flat over of £8,840 p.a. the net rental payable at the present time is only £4,260 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over with separate front entrance, FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let ona shorthold tenancy & we understand provides a rental income of £680 per month, however, we further understand that vacant possession can be given on completion, if required. The accommodation comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Monday - Saturday inclusive - 9 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 10 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £45,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Off Licences
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