Convenience Stores for sale in Somerset

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S Martin (Feb 2013)
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Leasehold Price: £150,000 + SAV (Leasehold) Annual Turnover: £679,000
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Business Description
High turnover convenience store with National Lottery and two bedroom apartment.The business is run under management with the owner only working minimal hours to cover staff holiday and absence.

  • High turnover store with National lottery.
  • Limited involvement of the owners.
  • Secure lease on good terms and with an excellent landlord.
  • Well-equipped shop with quality fixture and fittings.
  • EPOS system.
  • High gross margins at 24%.
  • Self-contained 2 bedroom apartment.
  • Regular clientele.
  • Retirement sale and handover if required.
Tenure: Leasehold

Accommodation Details:

There is a cosy self-contained apartment above the shop which currently has a tenant who is subject to a 2 month notice period. There are two double bedrooms, dining room, lounge, kitchen, bathroom and rear gardens.

Location Details:

The business is situated in the heart of a very popular and affluent Somerset town; there is a local population of 4700 many of which reside within walking distance of the town centre. There is free parking in the town and the business is located just a short walk from the car park. 

Leasehold Term:

The passing rent is £15,500 pa and there are 15 years to run on a renewable lease. The tenant has internal repairing obligations only and there has not been an increase in rent for several years, the property is owned by the local Church. Rent is payable monthly in advance plus building insurance. 

Listed by: Business Partnership
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