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Home Businesses Convenience Stores North London Self Service Convenience Store, Counter News, Conf...

Advert Ref : G5425 Convenience Stores for sale in North London

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence



Situated in a parade, residential and commercial area, close to an Underground Station, LONDON, N

Features 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.

Small stockroom
Staff cloakroom with w.c. and wash hand basin
Turnover WE ARE INFORMED the turnover averages 7,000 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.
Staff Staff employed 1 full time and 1 part time. 1 morning newround. Delivery charge 1.99 p.w.
Opening Hours 6.30 a.m. - 11 p.m. seven days per week
Outside Yard at rear with parking space for 2 cars.
Tenure We understand the premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of 7,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 1,900 p.a. approx. + water rates.
Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Please call 020 8763 1777 for an appointment to view
Reference G5425

             

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Convenience Stores for sale in North London

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Business Summary
Reference: G5425
Accom: No
Turnover: 7,000 p.w.
Leasehold: 70,000

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Finance the Purchase
We can lend you up to 35,000 to purchase this business subject to status, with a house or additional security you maybe able to borrow the full amount.


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