Convenience Stores for sale in Herne Bay

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Ian McGregor (Nov 2013)
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Leasehold Price: £140,000 Annual Turnover: £520,000
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Business Description

BUSINESS - Well established, having been operating in the town for 35 years and in the present location for 5 years. The business is now only being marketed as a result of the vendors ill health. Tremendous potential exists for longer opening hours and the introduction of paypoint services, more off licence, convenience goods and grocery lines.

TURNOVER - £520,000 P.A. @ 20% GP. LOTTERY SALES - £4,000 + PWK

NEWSBILL - £1,300 PWK E. PAY SALES - £2,900 PCM

HOURS – 7.00am - 6.00pm Mon to Fri
7.00am - 3.00pm Sun

PREMISES – Imposing Corner premises with double frontage. Retail Area: 1,135 sq/ft overall. All round display shelving, gondola display, magazine racking, greetings card displays, 2 single door upright chillers, large chiller, twin door chiller, dairy cabinet, counter with electric cash register, ice cream freezer, digital CCTV, air con unit. Store Room: Sep. W.C. W/basin. First Floor: Store Area:
Tenure: Leasehold

Location Details:

Prominently situated fronting the High Street of this prosperous Kent town, enjoying tremendous footfall and serving a densely populated residential area.

Leasehold Term:

5 years remaining on original 10 Year lease. RENT - £18,000 PA (5 year reviews)

Listed by: Apex Business Sales
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