FinanceYou can borrow
£ 45,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Well Equipped Self Service Convenience Store, Full Free off Licence Plus On Line National Lottery for Sale
Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, E
Features
SPACIOUS SALES SHOP in the region of 1,000 sq. ft. sales area with ceramic tiled floor. Newly fitted approximately 6 years ago. Counter, 2 tills with scanning, modern adjustable shelving, 2 large glass topped chest display deep freezes, 1-12ft open cool display unit (for dairy produce and milk etc), 8ft open cool display unit (used for wines and beers), upright glass fronted display fridge, magazine display shelving, 2 greeting card display stands with drawers. CCTV system with 8 cameras, monitor plus recording.
Rear stockroom with storage deep freeze, upright single door glass fronted fridge
Additional stockroom with ceramic tiled floor
Shower room with shower, w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £125 p.w. The business also has Oyster which we understand provides a revenue of approximately £120 p.w. In addition Paypoint we are advised provides a further income of approximately £30 p.w. The business also has an ATM machine and we understand this provides a further income of approximately £120 p.w.
Staff
The business is at present operated by a husband and wife team with the assistance of 2 of their sons and a brother on a part time basis.
Large yard with brickbuilt store. We understand that planning permission has been granted to extend the shop into the yard at rear, if desired.
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £17,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £7,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£30,000/£40,000 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