Search more Convenience Stores for sale in South London
Reference G8284

Convenience Store in South London For Sale

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

Register to see map and to make an appointment Situated in a parade, busy road, SE LONDON

Turnover 6,000
Price 59,995

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco

SINGLE FRONTED MEDIUM SIZED SALES SHOP with non-slip floor, fluorescent lighting, counter, electronic cash register with scanning system, 2 glass topped chest display deep freezers, 2 open cool display units, 2 single door glass fronted fridges, shelving etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 210 p.w. The business is agents for the sale of on line national lottery tickets which provides a further commission of 110 p.w. the business also has Oyster.

Staff

At present operated by a husband & wife team with the assistance of their daughter plus 1 part time staff.

Trading Hours

Monday - Friday inclusive 5 a.m. - 10 p.m.
Saturday & Sunday opening - 8 a.m. - 9 p.m.

Accommodation

The SPACIOUS accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of 1,400 per month, however we understand that vacant possession can be given on completion if required. The accommodation comprises:

4 Double Bedrooms (1 could readily be a living room)
Bathroom with bath, w.c. & wash hand basin
Kitchen

Outside

Yard at rear

Tenure

We understand the entire premises are held on a secure renewable lease the present lease having approximately 15 years unexpired at a current rental of 26,000 p.a. exclusive of rates, due for rent review at the present time. We further understand the rent reviews are every 5 years. (As will be appreciated with the current rental income of 16,800 p.a. from the accommodation, the net rental payable at the present time is only 9,200 p.a. exclusive of rates).

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 59,995 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Convenience Stores for sale in South London

Buy a Convenience Store in South London For Sale on NationwideBusinesses.co.uk