Convenience Store and Post Office in North London For Sale

Situated in a parade, residential area, close to Tottenham Court Road, NW LONDON

Turnover £ 2,500
Post Office £ 35,000
Price £100,000

Features

Self Service Convenience Store with Post office Local

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor. Fully equipped including counter, till with scanning, 2 open cool display units, 1 deep freezer, post office combination counter etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently in the region of £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands & with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. We are advised that the post income is in the region of £35,000 p.a. (including lottery commission).

Staff

At present operated by the vendor with the assistance of his wife on a part time basis.

Trading Hours

Monday - Friday inclusive - 7.30 a.m. - 7.30 p.m.
Saturday opening - 9 a.m. - 2 p.m.
Sunday CLOSED

Tenure

We understand the premises are held on a secure renewable Council Lease, the present lease having approximately 9 years unexpired at a current rental of £15,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote