Search more Convenience Stores for sale in South London
Reference G8294

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

Register to see map and to make an appointment Situated in a parade, main road trading position, densely populated residential area, SE LONDON

Turnover 5,500
Price 45,000 / 230,000

Features

Well Established Self Service Convenience Store, Full Free off Licence

Forecourt - ideal for display purposes

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 350/400 sq. ft. with LED concealed lighting. The equipment includes counter, touchscreen till with EPOS scanning system, shelving, 1-3.75m open cool display unit, 1-2m open cool display unit, 2 large glass topped chest display deep freezers, centre display gondola. CCTV system with 6 cameras, monitor plus recording etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 5,500/6,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is between 18/20%. In addition on the forecourt is a clothing deposit container & we understand that the owner receives a rental of 80 per month.

Staff

The business is at present operated by the vendor's husband

Trading Hours

Monday - Saturday inclusive - 9.30 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 10.30 p.m.

Outside

Large yard at rear with pedestrian rear access

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years. The vendor is also prepared to grant a shorter lease by negotiation if required.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 230,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (lease) 161,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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