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Reference G8004

Convenience Store in Brixton For Sale

Register to see map and to make an appointment End of terrace, situated densely populated residential area, SW LONDON BRIXTON

Turnover 7,500
Price 97,500

Features

Profitable Self-service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off-licence

SPACIOUS SINGLE FRONTED SALES SHOP plus side window approximately 20' frontage by 50' depth providing a sales area in the region of 1,000 sq. ft. with ceramic tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, electronic cash register, modern adjustable shelving, centre display gondoldas, magazine display shelving, 3 glass topped chest display deep freezers, 2 open dairy display cabinets plus 1 open cool display unit (used for beers) etc.

1 stockroom plus additional small stockroom
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500/8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 200 p.w.

Staff

At present operated under management. Staff employed 1 full time manager plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

9 a.m. - 10 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of 21,000 p.a. We understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, W.C. & wash-hand basin
Lounge
Small Office
Kitchen with fitted units

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2022 at a current rental of 22,000 p.a. exclusive of rates with rent revisions. (As will be appreciated with the current rental income from the accommodation of 22,000 p.a. the net rental payable at the present time is only 2,000 p.a).

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

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 48,750 (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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