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Reference G8151

Convenience Store in Streatham For Sale

Register to see map and to make an appointment Situated in a parade, densely populated residential & commercial area, SW LONDON STREATHAM

Turnover 7,000
Price 80,000

Features

Self Service Convenience Store, Full Free off Licence

SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor. The equipment includes counter, 1 electric till with scanning, additional electric cash register, shelving, 1 open cool display unit (used for soft drinks), 1 small cool display unit (used for beers) etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 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 28%.

Staff

The business is at present operated by the vendor with the assistance of family help plus 1 full time staff.

Trading Hours

Monday - Thursday inclusive - 8 a.m. - 2 a.m.
Friday & Saturday - 8 a.m. - 3 a.m.
Sunday opening - 10 a.m. - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 14,400 p.a. exclusive of rates for the next 1 years increasing to 15,500 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 80,000 plus STOCK AT VALUATION (25,000/30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 40,000 (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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