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

Single fronted with shutters, medium sized (500 sq. ft. approx) premises, ceramic tiled floor, fluorescent lighting.

Fully equipped including: sales counter, electronic cash register, adjustable shelving, ice cream freezer on loan from walls, 1 upright glass fronted ddouble door drinks display fridge, plus 1 upright glass fronted display fridge on loan from cocoa cola, greeting card display stand with drawers, centre display gondola, etc.

* CCTV system including 2 cameras, 1 monitor.
* Basement, used for storage purposes.
* Staff toilet with w.c. and wash hand basin.

WE ARE INFORMED the turnover averages £4,500 p.w. Gross profit 22% approx.
* The sales of bus passes provides an additional income of £130 p.w. approx.
* Online National Lottery sales provides an additional income of £90 p.w. approx.
* Wholesale newsbill £700 p.w.

The business is at present operated by the Husband & Wife team and an additional 1 part time staff employed.

7 Day week (Monday - Saturday) 6.45 am - 5.15 pm Sunday 7.30 am - 1pm

We understand the premises are held on a secure renewable lease, having approx. 7 years unexpired at a rental of £6,800 p.a. exclusive of rates next rent review in 1 year then every 3 years.

Uniform Business Rates: £1,800 p.a. approx. (after relief) plus water rates (metered).

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S ILL HEALTH.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£8,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

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