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Reference G8276

Convenience Store in South London For Sale

Register to see map and to make an appointment Occupying a corner position, residential area, SE LONDON

Turnover 5,000
Price 55,000

Features

Well Established Self Service Convenience Store, Full Free off Licence

ATTRACTIVE SALES SHOP occupying a corner position, tiled floor, fluorescent lighting, shelving, 2 chest deep freezers, 1-3.75m open cool display unit, 1 double door glass fronted display fridge, counter, electric cash register.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & buss passes we understand this provides a commission of approximately 130 p.w.

Staff

At present operated by a lady vendor with the assistance of her husband plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7.30 a.m. - 8.30 p.m.
NO SUNDAY TRADING

Outside

Garage (potential to sub-let the garage if not required for personal use)
In addition there is space for parking 1 car plus additional space for parking 1 car on the forecourt.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of 11,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (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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