FinanceYou can borrow
£ 10,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Profitable Full Free off Licence, Confectionery, Tobacco for Sale
Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, N
Features
SPACIOUS DOUBLE FRONTED SALES SHOP, carpet tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, 2 upright double door glass fronted display fridges (owned), 1 single door glass fronted display fridge (owned), shelving etc.
2 stockrooms
Staff cloakroom with w.c. and wash hand basin
Basement (not utilized at present)
Turnover
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 25% approx.
Staff
The business is at present operated by the vendor's brother on a part time basis with the assistance of 2 part time staff.
Opening Hours
11 a.m. - 11 p.m. seven days per week
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £14,700 p.a. exclusive of rates up to June, 2016, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £6,800 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Reference
C7583
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Selling your business?
No sale No fee