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Convenience Store, Fruit & Greens Shop in South Kensington For Sale

Convenience Store, Fruit & Greens Shop in South Kensington For Sale
Buy a Convenience Store, Fruit & Greens Shop in South Kensington For Sale Sell a Convenience Store, Fruit & Greens Shop in South Kensington For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading positiion, sought after residential & tourist area, SW LONDON SOUTH KENSINGTON

Turnover 13,000
Price 195,000

Features

Well Established Self Service Convenience Store, Fruit & Greens

The business has been in the same hands since 1994 & there are genuine reasons for sale

Forecourt area used for display

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area with woodstrip floor & fully equipped including counter, 1 electronic cash register, 2 glass topped chest display deep freezers, 1 upright glass fronted display ice cream deep freezer, 1-5m open cool display unit (comprising 2 units), 2 upright single door glass fronted display fridges, modern adjustable shelving etc.

Stairs to large basement with concrete floor - ideal for storage purposes with bakeoff oven, 2 chest deep freezers

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover in respect of the self service convenience store with fruit & greens is in the region of 13,000 p.w. in our opinion offering further potetial for further development, especially with the introduction of newspapers & the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. We are further advised by the vendor that the gross profit is in the region of 30%. In addition the business sells International phone cards & we understand has a turnover of 1,000 p.w. The business also sells mobile phone vouchers which we understand provides a further turnover of 1,000 p.w.

Staff

At present operated under management. Staff employed 1 full time manager plus 3 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

6 a.m. - 12 midnight seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiringing in 2023 at a current rental of 42,000 p.a. plus VAT excusive of rates with no reviews.

Uniform Business Rates: 13,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1994 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 195,000 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 97,500 (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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