General Store and Off Licence in Stoke Newington for sale
Situated in a parade, residential and commercial area, close to an Underground Station, LONDON, N STOKE NEWINGTON
Turnover £ 6,000
Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence
SPACIOUS SINGLE FRONTED SALES SHOP approx. 750 sq. ft. sales area, we understand all refitted approx. 2 years ago. Tiled floor, suspended ceiling. Counter, electronic cash register, modern adjustable shelving, 2 large open cool display units, 2 ice cream deep freezes (owned) etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450/£500 p.w. Gross profit 24% approx. In addition, the business has a Paypoint and we understand this provides a commission of approx. £45/£50 p.w.
At present operated by the vendor with the assistance of family help.
6.30 a.m. - 11 p.m. seven days per week
Yard at rear with parking space for 2 cars.
We understand the premises are held on a secure renewable lease having approximately 9 years unexpired at a rental of £8,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter after the following 4 years.
Uniform Business Rates: £1,900 p.a. approx. + water rates.
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 25,000 (lease)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote