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Reference G8234

Convenience Store and Newsagent in North London For Sale

Register to see map and to make an appointment Situated in a parade, busy road, N LONDON

Turnover 8,000
Price 88,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco

SPACIOUS SALES SHOP in the region of 1,500 sq. ft. sales area. Recently newly fitted. Non-slip floor, suspended ceiling with lighting. Fully equipped including 1 large deep freezer, 1 open cool display unit, modern adjustable shelving, 1 open cool display unit, large open cool display unit.

Large basement

Turnover

WE ARE INFORMED the turnover is currently in the region of 8,000 p.w. We understand the Licence for the sale of wines, beers & spirits was withdrawn approximately 6 months ago, however in our opinion there is terrific potential to reintroduce the sale of wines, beers & spirits, subject obviously to obtaining the Premises Licence and Personal Licence.

Staff

The business is at present operated by a husband & wife team with the assistance of their son.

Trading Hours

7 a.m. - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a current rental of 20,000 p.a. exclusive of rates with rent revisions.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 88,000 or near offer plus STOCK AT VALUATION (30,000/35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,000 (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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