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Profitable NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, FULL FREE OFF LICENCE
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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
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Location |
Situated in a parade, excellent main road trading position, LONDON N
(Please register to make appointments and view addresses) |
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Features |
Electric shutters to SINGLE FRONTED MEDIUM SIZED SALES SHOP 40-50sqm APPROX. with ceramic tiled floor, suspended ceiling, air conditioning. Oyster Machine for bus passes, travel cards etc. Modern adjustable shelving, ice cream deep freeze (on loan), 2 upright double door drinks display fridges (owned), 2 upright single door drinks display fridges (including 1 on loan), counter, electronic cash register, etc.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
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Turnover |
WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,400 p.w. Gross profit 22% 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 approx. £110 p.w. The business is also agents for bus passes and we understand this provides a further commission of approx. £20 p.w. The business is also agents for Oyster cards and we understand that this provides a further income of approx. £50 p.w.
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Staff |
The business is operated by the vendor on a part time basis with the assistance of 2 full time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
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Opening
Hours |
7 a.m. - 9 p.m. seven days per week
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Tenure |
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £2,200 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
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Price |
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Reference
: C7059
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