Convenience Store and Lottery Outlet for Sale in Tunbridge Wells, Kent
Tunbridge Wells, Kent
- Status
FOR SALE
- Advert ID
656350
- Reference
N1010 / Rightbiz
- Call Agent:
- Leasehold: £149,950
- Turnover: £338,000 (£6,500 per week)
- Profit: Not Applicable
Business Details
LEASEHOLD CONVENIENCE STORES LOTTERY & OFF LIC
ADVERT TEXTLEASEHOLD
CONVENIENCE STORES/LOTTERY & OFF LIC
LOCATION
These well appointed premises occupy a prominent trading location in the centre of a recently built well populated residential area on the outskirts of Tunbridge Wells. The business is unopposed.
BUSINESS
Established by our client 8 years ago when it was fitted out to a high standard, our client has built a great local reputation serving the local community. Its contemporary design, enhanced by bright ceiling lighting creates an inviting atmosphere for shoppers. The business has slightly declined of late because of the vendors ill health which has hastened his planned retirement. Great potential therefore exists to extend the hours and introduce other trading lines offering considerable potential for a new owner.
TURNOVER
We are advised the current turnover averages £6,500 - £7,000 PWK @ 22% GP.
We are informed that it has taken £10,000 PWK in the past.
STAFF
Vendor & wife
HOURS
7:00am - 10:00pm Mon - Fri
8:00am - 10:00pm Sat
9:00am - 9:00pm Sun
PREMISES
Arractive modern retail unit built approx 10 years ago measuring some 1,200 sq/ft in total. Forecourt to front. Double entrance to Retail area: Approx 800 sq/ft with tiled flooring and suspended ceiling. Fully fitted with all round display shelving, 3 large chiller display units, upright drinks chiller, chilled dairy display cabinet, ice cream freezer, confectionery displays,, greetings card display unit, counter with till, digital CCTV, Store Room: shelved. Kitchenette with wall and base units, st/stl sink, hot plate. Staff W.C. with hand wash basin. Door to outside. Good sized Bin Store/cupboard. Small residents car park to rear with one space owned and allocated to the shop.
TENURE
New lease to be granted to ingoing tenant. Terms neg. Rent £24,000 per annum. (5 year reviews)
EPC RATING
Band A
BUSINESS RATES
£6,264 per annum. Payable
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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