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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
 

Situated in a parade, residential area, LONDON N (Please register to make appointments and view addresses)

Spacious double fronted SALES SHOP approx. 700 sq. ft. sales area with tiled floor, suspended ceiling. Fully equipped including modern adjustable shelving, 1 glass topped chest deep freeze, 2 open cool display units, dairy cabinet, upright double door drinks display fridge (used for wines & beers), 1 upright glass fronted drinks display fridge (used for soft drinks), 1 upright single door drinks display fridge (used for wines).

Small stockroom
Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £5,800 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 20% approx. In addition, we understand there is income from the sale of bus passes and Paypoint.

The business is at present operated by the vendor with the assistance of 2 part time staff.

8 a.m. - 10.30 p.m. seven days per week

The accommodation in the form of a SELF CONTAINED FLAT over comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Loung
Kitchen/Dining Room

Small Garden

We understand the premises are held on a secure renewable lease having approx. 13 years unexpired at a rental of £11,400 p.a. exclusive of rates up to 2009, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £950 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £56,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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