Discount Store with Household Goods Shop and Hardware Store in South London For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, SW, LONDON

Turnover £ 2,400
Price £39,500

Features

Discount Store, Diy Household Goods, Key Cutting

DOUBLE FRONTED PREMISES in the region of 1,150ft². CCTV (9 cameras). Carpet tiled flooring, suspended ceiling with LED panels. Sales counter, electric cash register, adjustable shelving, 2 key cutting machines.

Stockroom

2 toilets with toliet and wash hand basin.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,400 p.w. with a gross profit of 50% approx.

Staff

The business is at present staff operated with 1 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £600 p.w. approx.

Trading Hours

7 Day week
MONDAY - FRIDAY - 8.30 a.m. - 7 p.m.
SATURDAY 9 a.m - 6.30 p.m
SUNDAY 10 a.m - 5 p.m

Outside

Rear access

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2020 at a current rent of £30,000 p.a. We understand the landlord is prepared to grant a longer 10/12 years lease, however at the time of next rent review he may increase the rent 5/10% of current rent.

Business Rates from April 2023 £6,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote