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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 Main road trading position, residential & commercial area, SE LONDON

Turnover 6,000
Price 55,000

Features

Self Service Convenience Store, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP in the region of 700 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes 1-3.75m open cool display unit, 1 additional 2.5m open cool display unit, modern adjustable shelving, counter, electronic cash register with EPOS scanning system 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. We are further advised that the gross profit is in the region of 22%.

Staff

At present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

9 a.m. - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of 14,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (20,000 approx)
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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