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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, excellent main road trading position, densely populated residential and commercial area, LONDON, N (Please register to make appointments and view addresses)

Electric see-through shutters to -

Spacious Sales Shop with new shop front. We understand the shop has been refurbished and refitted at a cost of approx. £65,000 approx. 1 year ago.

The Sales Shop providing approx. 1,600 sq. ft. sales area has ceramic tiled floor, new suspended ceiling with concealed lighting. Air Conditioning. The equipment includes 2 electronic cash registers, checkout counter, modern adjustable shelving, centre display gondolas, large open cool display unit etc. CCTV system with 7 cameras, 2 monitors plus recording.

Stockroom with racking

Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover currently averages £10,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 28% approx.

The business is at present operated by 1 of the partners on a part time basis with the assistance of 1 full time supervisor plus 2 full time staff. Wages paid £900 p.w. approx. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Monday - Saturday inclusive - 10 a.m. - 7 p.m.
Sunday opening - 10 a.m. - 6 p.m.

Yard at rear.

We understand the premises are held on a secure renewable lease having approx. 14 years unexpired at a rental of £27,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,500 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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