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Advert Ref: N905

Leasehold Convenience Stores With off Lic In Margate For Sale

  • Margate, Kent
Asking price:
£195,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

1,100 SQ/FT RETAIL AREA
3 BED SELF CONTAINED FLAT
TREMENDOUS POTENTIAL

LOCATION
Prominently situated fronting a busy main road on the outskirts of Margate, enjoying tremendous passing trade and serving a densely populated residential area.

BUSINESS
This is a well established business which has been in the present hands since August 2018 and which is now only being marketed as a result of the vendors other business interests. Tremendous potential exists to introduce news rounds and possibly a Post Office.

TURNOVER
£14,000 PWK @ 23% GP + £200 PWK commissions

STAFF
Owner plus 2 Full timers

HOURS
7.00am - 11.00pm (Mon to Sat) (8-10 Sun)

PREMISES
Imposing Corner premises with double frontage. Retail Area 1,100 sq/ft. Suspended ceiling, all round display shelving, large drinks/dairy chiller, twin door drinks chiller, single door drinks chiller, 2 freezer displays, ice cream freezer, counter with 2 EPOS tills, digital CCTV, A.C unit. Store Room: Staff W.C. Kitchenette: bake off oven.

LIVING ACCOMMODATION
Self contained flat approached via sep. rear entrance. Access also from shop. Comprising: Kitchen/Diner: st/stl sink, fitted units. Lounge. 2 Double Bedrooms: 1 Single Bedroom: Bathroom: Full suite.

OBSERVATIONS
The flat benefits from gas fired central heating and replacement UPVC double glazing.

TENURE
20 year lease from August 2017 RENT - £16,000 PA (3 year reviews)

EPC RATING
Band C

BUSINESS RATES
Nil currently payable

Property:
Leasehold

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

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