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Reference C8875

Main Post Office with Cards and Stationary in South London for sale

Main Post Office with Cards and Stationary in South London for sale

Location
Excellent main road trading position, commercial & office area SOUTH EAST LONDON

Features
Spacious well Fitted Greeting Cards, Stationery, Confectionery, Tobacco with Main Post office

Electric shutters to SPACIOUS MODERN SHOP FRONT probably in the region of 1,700 sq. ft. sales area, industrial non-slip floor, suspended ceiling with concealed lighting. Full gas fired central heating. 4 air conditing units. Approximately 32ft greeting card display with drawers under, retail counter with electronic cash register plus post office combination counter, open cool display unit (used for soft drinks). Post office section with 4 fortress positions plus 3 open post office positions etc.

Small stockroom
Ladies & gentlemen's toilets we understand will be installed

Turnover
WE ARE INFORMED the turnover averages 1,700 p.w. in our opinion offering terrific potential for further development, possibly with a convenience store type operation combined with the sale of wines, beers & spirits, subject obviously to obtaining the Premises & Personal Licence. We are further advised that the gross profit is in the region of 50%. The business has screen advertising which we understand provides a further revenue of approximately 1,500 p.a. In addition there is a photo-me machine which we understand provides a further income in the region of 5,000 p.a. Post office income 191,000 p.a.

Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 320,000 plus STOCK AT VALUATION (15,000/20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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