Attractive Kiosk in West London For Sale

Situated Underground ticket hall, WEST LONDON

Turnover £ 2,250
Price £110,000

Features

Attractive Retail Kiosk (selling Coffee, E-cigarettes / Liquid, Confectionery, Tobacco, Soft Drinks) - Oyster Commission Received £600 Purchaser Wrote

ATTRACTIVE KIOSK refurbished November, 2018 plus adjoining storage area. The equipment includes computerised till, automatic bean to cup coffee machine, 3 fridges, 1 deep freezer, shelving etc.

Turnover

WE ARE INFORMED the turnover currently averages £2,2500 p.w. with we are advised an excellent gross profit, full details of which will be discussed upon inspection. The business has a display of Heets tobacco & we understand the vendor is paid £35 per month for this display. The business also has a display of e-liquid cigarettes, which we understand the vendor also receives a £35 per month for the display. The business also has Oyster which we understand provides a commission of approximately £600 p.w. In addition Payzone which we understand provides a further revenue of approximately £20 p.w.

Staff

The business is at present operated by the vendor with the assistance of 2 staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.

Tenure

We understand the premises are held on a secure lease having approximately 5 years unexpired at a rental of £24,000 p.a. plus VAT (we understand the water & electricity is included in the annual rent). We are further advised that there are no rates payable. We are advised that the assignment of the lease is subject to the landlord receiving satisfactory references and we further understand that the landlords will require a six months rent deposit.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote