FinanceYou can borrow
£ 39,500 (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
Occupying a corner position, residential area, close to Tube Station plus major bus stop, LONDON, NW
Features
Forecourt area, at present let for the display of fruit & vegetables and providing a rental income of £250 per month.
SINGLE FRONTED SALES SHOP probably in the region of 500/600 sq. ft. sales area with laminated strip floor, fluorescent lighting. Fully equipped including 3 open cool display units, ice cream deep freeze (owned), modern shelving, counter, computerised till, CCTV system with 13 cameras, monitor plus recording etc.
Basement approximately 600 sq. ft. used for storage purposes
Turnover
WE ARE INFORMED the turnover averages £7,000/£8,000 p.w. Wholesale newsbill £300 p.w. Gross profit we are advised by the vendor in the region of 30%. We are further advised by the vendor there is 1 window let for advertising and we are informed this provides a commission of £1,200 p.a.
Staff
The business is at present operated by the vendor with the assistance of 2 full time staff.
We understand the premises are held on a secure renewable lease, the present lease expiring in 2016 at a rental of £10,500 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates: £5,000 p.a. approx.
EPC rating E (112)
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION (£20,000/£25,000 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