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Reference G8582

General Store & Off Licence in Hendon For Sale

General Store & Off Licence in Hendon For Sale
Buy a General Store & Off Licence in Hendon For Sale Sell a General Store & Off Licence in Hendon For Sale General Store & Off Licence in Hendon For Sale for Sale General Store & Off Licence in Hendon For Sale for Sale General Store & Off Licence in Hendon For Sale for Sale General Store & Off Licence in Hendon For Sale for Sale General Store & Off Licence in Hendon For Sale for Sale General Store & Off Licence in Hendon For Sale for Sale

Register to see map and to make an appointment Situated in a terrace, busy road, NW LONDON HENDON

Turnover 3,500
Price 35,000

Features

Self Service Convenience Store, Full Free off Licence

The business is situated in an expanding area with we understand approximately 170 flats being built nearby.

SPACIOUS SALES SHOP in the region of 900 sq. ft. including storage area. The shop has a tiled floor, suspended ceiling with LED lighting. The equipment includes counter, electronic cash register with scanning, 1-3m open cool display unit, single door glass fronted fridge, slimline Monster fridge (owned), modern shelving.

Large stockroom with wooden floor
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently in the region of 3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 25%.

Staff

The business is at present operated by the vendor on a part time basis with the assistance of 2 part time staff.

Trading Hours

Monday - Friday inclusive - 12 p.m. - 8 p.m.
Saturday & Sunday opening - 2 p.m. - 8 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of 10,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 3 years. We understand that the landlord, for lease assignment purposes, will require references and a 6 months rent deposit.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (20,000/25,000 optional)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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