Convenience Store, Newsagent and Off Licence in South London For Sale

Situated in a parade, excellent main road trading position, SOUTH WEST LONDON & SURREY BORDER

Turnover £ 7,000
Price £121,000

Features

Profitable Self Service Convenience Store, Specialised Delicatessen Foods, News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

* GROSS PROFIT £137,573 i.e. 50%

THE BUSINESS IS WELL ESTABLISHED AS A SPECIALISED ALL PRE-PACKED DELICATESSEN FOODS & IN OUR OPINION HAS TERRIFIC POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

Forecourt to ATTRACTIVE SALES SHOP with electric shutters. Sales area in the region of 500 sq. ft. with tiled floor, suspended ceiling with LED lighting. 1 air conditioning/heating unit. Counter, till with EPOS scanning system, photocopier, double door glass fronted display fridge (on loan from Coca Cola), ice cream deep freezer, 1 upright double door glass fronted display deep freezer, 1 upright single door glass fronted fridge, 1-2.75m open cool display unit, 1-1m open cool display unit, modern shelving etc.

Rear stockroom with large deep freezer, 2 small deep freezers, 3 fridge/freezers

Staff cloakroom with w.c. & wash hand basin
Office
Kitchen area
Conservatory

Turnover

WE ARE INFORMED the turnover currently averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £620 p.w. We are further advised that the sales year ending February, 2016 showed £276,266 with a gross profit of £137,573 i.e. 50% approx. The business benefits from the sale of specialised pre-packed delicatessen foods. The business has on line national lottery plus scratch cards & we understand this provides a commission of approximately £30 p.w. The business also has Oyster which we understand provides a further commission of approximately £50 p.w. The business also has an internal ATM machine which we understand provides a further revenue of approximately £90 per month.

Staff

The business is at present operated by a husband & wife team on a part time basis with the assistance of 2 full time staff. 1 morning newspaper delivery round. Delivery charge £2.50 p.w.
It will be appreciated upon inspection that with a more active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 2 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £16,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £3,400 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £121,000 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote