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Advert Ref: N894

Convenience Stores In Maidstone For Sale

  • Maidstone, Kent
Asking price:
£59,950
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME LOCATION
950 SQ/FT RETAIL AREA
P.O. SALARY £60,000 P.A. HUGE POTENTIAL

LOCATION
Prominently situated fronting Maidstone High Street, in the centre of this popular town, being amongst all the major multiples, Banks and Offices. The business enjoys tremendous footfall.

BUSINESS
This is a well established business which has been in the present hands for 12 years and which is now only being marketed as a result of family commitments.

TURNOVER
£6,250 PWK @ 22% GP POST OFFICE REMUNERATION £60,000 P.A.

NEWSBILL
£600 PWK (No Rounds)

STAFF
Family run plus 2 Part timers WAGES - £120 PWK

HOURS
8.00am - 6.00pm Mon to Sat (Closed Sun)

PREMISES
Imposing mid parade premises with double frontage. Retail Area 950 sq/ft. all round display shelving, large drinks chiller, dairy cabinet, upright drinks chiller, freezer display, ice cream freezer, Combi PO counter with EPOS till, 3 Position Main PO Counter to rear, digital CCTV, air con unit. Store Room: Office: Cellar: First Floor: Ladies and gents W.C facilities. Kitchenette: st/stl sink.
OUTSIDE – 2 Parking spaces.

TENURE
16 years remaining on original 20 Year lease. RENT - £24,000 PA (4 year reviews) Plus additional rent of approx. £8,000 pa (worked out as a percentage of the PO salary)

EPC RATING
Band D

BUSINESS RATES
£10,000 P.A. Payable 18/19

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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