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Reference G8606

Convenience Store in North London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, NORTH LONDON

Turnover 9,000
Price 165,000

Features

Self Service Convenience Store, Full Free off Licence

SPACIOUS SALES SHOP with tiled floor, LED lighting. The equipment includes 3 open cool display units, 1 Coca Cola fridge (on loan), ice cream deep freezer, modern shelving, electric cash register with scanning, counter etc.

Basement with stockroom

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 9,000 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 30%.

Staff

The business is at present operated by the vendor with the assistance of 3 full time & 1 part time staff.

Trading Hours

Sunday - Thursday inclusive - 12 noon - 12 midnight
Friday & Saturday - 12 noon - 2 a.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 16,500 p.a. exclusive of rates for the next 1 year with rent review at that time and a further rent review after the following 4 years.

Uniform Business Rates: Nil payable at present

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 165,000 plus STOCK AT VALUATION (40,000/50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 82,500 (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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