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Reference G8425

Convenience Store & Post Office in Balham For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading positiion, SW LONDON BALHAM

Turnover 10,000
Price 90,000

Features

Well Fitted Self Service Convenience Store, Full Free off Licence with Post office Local (introduced 11th September, 2019)

Electric shutters to SPACIOUS SALES SHOP probably in the region of 900/1,000 sq. ft. sales area with quality tiled floor, ceiling with concealed LED lighting. The equipment includes large glass topped chest display deep freezer, 1-2.5m open cool display unit, 1-3.75m open cool display unit, card display stand, modern shelving, centre display gondola, counter, touchscreen till with scanning plus post office combination counter. CCTV system with 12 cameras, 2 monitors plus recording.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover in respect of the convenience store & off licence is in the region of 10,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 25%/30% approx. Post Office Local recently introduced which will obviously provide further income. In addition the business has a section for the sale of mobile phones & mobile phone repairs plus vaping sales & we are informed the average turnover is in the region of 1,500 p.w. We are further advised that the gross profit in this respect is in the region of 50%/60% approx

Staff

The business is at present operated by 2 partners on a part time basis with the assistance of 2 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Sunday - 10 a.m. - 12 midnight
Monday - Thursday inclusive - 8 a.m. - 12 midnight
Friday & Saturday - 8 a.m. - 1 a.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 28,000 p.a. exclusive of rates for the next 5 years with rent to be agreed thereafter.

Uniform Business Rates: 9,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION (30,000 approx. including mobile phone section)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (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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