Discount Store plus Household Goods in Merton Abbey For Sale

Situated in a parade, excellent main road trading position, expanding area with houses being built nearby plus offices, SOUTH WIMBLEDON, LONDON, SW19

Turnover £ 2,750
Price £45,000

Features

Discount Store, Diy Household Goods Plus Key Cutting

SPACIOUS SALES SHOP in the region of 900 sq. ft. sales area, carpeted, shelving, display stands, counter, electronic cash register etc.

Small stockroom

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 - £3,000 p.w. with a Gross profit of 50% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 8.30am - 7pm
SATURDAY 9am - 6pm
SUNDAY 10.30am - 4.30pm

Outside

Yard providing access for loading & unloading

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2020 with reviews every 3 years (next review 2026) at a current rent of £20,000 p.a.

Business Rates from April 2025 £5,750 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

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