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Reference G8204

General Store & Off Licence in Eltham For Sale

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

Register to see map and to make an appointment Situated in a parade, main road trading position, SE LONDON ELTHAM

Turnover 8,500
Price 89,500

Features

Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 600 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 1 glass topped chest display deep freezer, 2-3.75m open cool display units. counter, electronic cash register with scanning etc.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 8,500/9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 65/70 p.w. In addition the business has Oyster which we understand provides a further commission of approximately 65 p.w. The business also has Paypoint.

Staff

At present staff operated. 2 full time staff employed.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.
1 morning newsboy employed. Delivery charge 3 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 10 p.m.
Sunday opening - 7 a.m. - 10 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED over with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen

Outside

Small garden

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 15 years full repairing and insuring lease at a rental of 11,500 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 89,500 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 44,750 (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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