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Situated sought after residential area, LONDON, NW (Please register to make appointments and view addresses)

SPACIOUS SINGLE FRONTED SALES SHOP approx. 900 sq. ft. with tiled floor, suspended ceiling. We understand newly fitted approx. 4 years ago. Modern adjustable shelving, centre display gondola, 1-12ft open cool display unit, 1 upright double door drinks display fridge (used for wines and beers), 1 upright single door drinks display fridge (also used for wines and beers) in addition there is 1 upright double door plus 1 upright single door drinks display fridges (both used for soft drinks), counter, EPOS scanning system with 2 tills etc.

Staff cloakroom with w.c. and wash hand basin

Basement used for storage purposes

WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £200 p.w. Gross profit 25% approx.

The business is at present mainly staff operated. Staff employed 2 full time plus 2 part time. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Monday - Saturday inclusive - 8 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.

We understand the premises are held on a secure renewable lease having approximately 8 years unexpired at a rental of £22,500 p.a. exclusive of rates up to October, 2010, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £55,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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