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Reference G8698

Impressive Convenience Store plus Post Office in North London For Sale

Impressive Convenience Store plus Post Office in North London For Sale
Impressive Convenience Store plus Post Office in North London For Sale Buy a Impressive Convenience Store plus Post Office in North London For Sale Sell a Impressive Convenience Store plus Post Office in North London For Sale Impressive Convenience Store plus Post Office in North London For Sale for Sale Impressive Convenience Store plus Post Office in North London For Sale for Sale Impressive Convenience Store plus Post Office in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, close to 2 Stations, NORTH LONDON

Turnover £ 10,000
Post Office £ 13,000
Price £200,000

Features

Convenience Store, off Licence, Counter News Plus Post office

SINGLE FRONTED PREMISES in the region of 500 ft² with ELECTRIC SHUTTERS. Canopy & ATM to the front. Lino floor, suspended ceiling with LED lights, sales counter, cigarette gantry, 2-3.75m open cool display units, EPOS till, ice cream freezer, glass topped deep freezer, modern adjustable shelving.CCTV system (9 cameras, 2 monitor).

Stock room

Office

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 22% approx. POST OFFICE income in the region of £13,000 p.a. approx. Wholesale newsbill £500 p.w.

WE ALSO UNDERSTAND that March 2020 accounts show commissions of:

ATM £3,704
NATIONAL LOTTERY £7,790
BUS PASSES / LRT £9,755
PAYPOINT £575 p.a.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 1 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 6am - 11pm

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rent of £25,000 p.a. for the first 4 years with rent reviews every 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006 AND IS NOW OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (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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