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Convenience Store in North London For Sale

Convenience Store in North London For Sale
Convenience Store in North London For Sale Buy a Convenience Store in North London For Sale Sell a Convenience Store in North London For Sale Convenience Store in North London For Sale for Sale

Register to see map and to make an appointment Situated end of parade, occupying a corner position, main road trading position, densely populated residential & commercial area NORTH LONDON

Turnover 14,500
Price 159,000

Features

Self Service Convenience Store, Counter News, Full Free off Licence

Electric shutters to SPACIOUS SALES SHOP in the region of 900 sq. ft. sales area with tiled floor. Fully equipped including modern shelving, 2 centre display gondolas, 1-2m open cool display unit (used for juices & soft drinks), 1-2.5m open cool display unit (used for wines & beers), 1-3.75m open cool display unit (used for soft drinks), large glass fronted chest display deep freezer, long counter, 1 computerised till, fruit display section.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 14,500/15,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500 p.w. A small front area of the shop is let for the sale of mobile phones & we understand provides a rental income of 1,500 per month. The business also has Oyster which we undersetand provides a commission of 150 p.w. In addition there is an external ATM machine which we understand provides a rental income of 5,000 p.a. In addition there is a sign board for advertising which we understand provides a further income of 3,000 p.a.

Staff

At present operated by the vendor with the assistance of 2 full time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 11 p.m.

Outside

Rear yard

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a rental of 40,000 p.a. exclusive of rates, fixed for the remainder of the term. (As will be appreciated with the current rental income from the mobile phone shop area, external ATM machine & advertising board of 26,000 p.a. the net rental payable at the present time is in the region of 14,000 p.a).

Uniform Business Rates: 17,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 159,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 79,500 (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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