FinanceYou can borrow
£ 35,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence for Sale
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
Selling your business?
No sale No fee