Search more Convenience Stores for sale in Stoke Newington

General Store and Off Licence in Stoke Newington for sale

Reference G5425

Register to see map and to make an appointment Situated in a parade, residential and commercial area, close to an Underground Station, LONDON, N

Turnover 6,000
Price 50,000

Features
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.

Small stockroom
Staff cloakroom with w.c. and wash hand basin
Turnover
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.
Staff
At present operated by the vendor with the assistance of family help.
Trading 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 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.
Price
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

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