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Butchers, Fishmongers & Convenience Store in South London For Sale

Butchers, Fishmongers & Convenience Store in South London For Sale
Butchers, Fishmongers & Convenience Store in South London For Sale Buy a Butchers, Fishmongers & Convenience Store in South London For Sale Sell a Butchers, Fishmongers & Convenience Store in South London For Sale Butchers, Fishmongers & Convenience Store in South London For Sale for Sale Butchers, Fishmongers & Convenience Store in South London For Sale for Sale Butchers, Fishmongers & Convenience Store in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, densely populated residential & commercial area, SE LONDON

Turnover 12,000
Price 125,000

Features

Well Established & well Equipped Butchers, Fruit & Vegetables, Frozen Seafood Plus Convenience Groceries

Forecourt area used for the display of fruit & greens (Licence Fee payable)

SPACIOUS SALES SHOP probably in the region of 1,500 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including modern adjustable shelving, 2 electronic cash registers, 2 electronic scales, large cool display counter (used for meat), mince machine, ban saw, 2 butchers blocks, 2 glass topped chest deep freezes (used for frozen fish), 2 1.2m open display fridges.

Stockroom, walk-in coldroom, 3 chest deep freezes

Basement 800 sq. ft. shelved with an initial walk-in coldroom plus walk-in deep freeze (not utilized at present)

Turnover

WE ARE INFORMED the turnover averages 12,000/14,000 p.a. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. (Included in the turnover we understand there is approximately 5,000 p.w. in respect of butchery). We are further advised that the gross profit is in the region of 35%.

Staff

The business is at present operated by the vendor with the assistance of 3 full time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 7 p.m.
Sunday opening - 8.00 a.m. - 6 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of 1,250 per month, however, we understand that vacant possession can be given on completion, if required. The FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double plus 1 small additional double)
Half tiled bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted kitchen

In addition there is a roof top area for use during the summer months

Outside

To the rear of the shop is a yard

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 15 years lease at a rental of 40,000 p.a. with rent reviews every 5 years. (As will be appreciated with the current rental income of 15,000 p.a. in respect of the living accommodation, the net rental payable at the present time is 25,000 p.a. exclusive of rates).

Uniform Business Rates: 7,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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