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Reference G8342

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

Register to see map and to make an appointment Situated in a parade, good trading position, NW LONDON

Turnover 5,000
Price 35,000

Features

Self Service Convenience Store, Full Free off Licence

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes modern shelving, counter, electronic cash register, 1-5m open cool display unit, 1-2.5m open cool display unit, upright double door display deep freezer etc.

4 Stockrooms

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 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 20%. The business has an internal ATM machine which we understand provides a commission of approximately 50 per month. The business also sells on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 50 p.w. The business also has Paypoint.

Staff

At present operated by the vendor with the assistance of his son on a full time basis plus part time staff.

Trading Hours

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

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 1 years unexpired at a rental of 12,000 p.a. exclusive of rates, fixed for the remainder of the term. We understand the landlord is also prepared to consider, subject to satisfactory references, granting a new longer lease at terms and rent to be agreed.

Uniform Business Rates: 3,800 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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