Search more Convenience Stores for sale in North London
Reference G8348

Convenience Store in North London For Sale

Register to see map and to make an appointment Situated end of parade, busy road, NORTH LONDON

Turnover 3,500
Price 35,000

Features

Self Service Convenience Store, Full Free off Licence

DOUBLE FRONTED SALES SHOP occupying a corner position, approximately 5m wide x 8m depth. Fluorscent lighting. The equipment includes shelving, ice cream deep freezer, glass topped chest display deep freezer, open cool display unit, counter, electronic cash register etc.

Stockroom
Kitchen
Staff cloakroom with shower, w.c. & wash hand basin

Large basement

Turnover

WE ARE INFORMED the turnover averages 3,500/4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 20%.

Staff

The business is at present operated by the vendor with the assitance of his wife plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 10 p.m.
Sunday opening - 9 a.m. - 10 p.m.

Outside

Rear access with yard

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in November, 2028 at a rental of 11,200 p.a. exclusive of rates up to November, 2018 with rent review at that time and thereafter every 5 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 for early sale plus STOCK AT VALUATION (10,000/12,000 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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