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Reference G8647
Detached property, excellent main road trading position, residential, office and commercial area, MIDDLESEX ENFIELD
Turnover £ 22,000
Price
£190,000
Features
Impressive Convenience Store, Counter News, off Licence, National Lottery
Verisure alarm system
DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, approx 2,000 sq ft. GROUND FLOOR SALES AREA plaster board ceiling with fluorescent lighting, wood strip floor, Air conditioning with hot air. EPOS scanning system with 2 tills + computer, display shelving, display fridges, 2m vegetable fridge, 2m milk fridge, 1m meal deal frdge, 2m vegan fridge, 4m beer fridge, 2m soft drinks fridge, upright Háágen Dazs freezer (owned), chest freezer, 2m upright frozen food fridge. CCTV system (22 cameras, 1 monitor & hard drive / cloud recorder).
Baker Section - baker's oven, microwave oven, coffee machine, painini machine, hot food serve over
Walk-in coldroom
Freezer room
Stockroom / Storeroom
Office
Staff room
Staff Toilet
Basement, shelved, used for storage purposes
Turnover
WE ARE INFORMED by the owner the turnover currently averages £22,000 p.w.. Wholesale newsbill TBA p.w. with a Gross profit of 24% approx. In addition the business is agents for the sale of on line National Lottery tickets & we understand this provides a commission of £60 p.w. The business also has DHL agency which provides a further commission of £100 per month. The business also has an ATM machine which provides a further commission of £200 per month.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of : £60 per month from the sale of, National Lottery
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of : £25 per month from the sale of DHL
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of : £50 per month from the sale of, ATM
Staff
The business is at present operated by 1 partner with the assistance of 3 full time staff employed. We are informed the wage bill averages £1,250 p.w. approx.
Trading Hours
7 Day week
MONDAY - SUNDAY inclusive 7am - 10pm
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a sub lease (private company) granted for 9 years in 2020 with reviews every 3 years (next review 2023) at a current rent of £56,000 p.a.
Business Rates from April 2020 £10,000 approx. payable (Please contact local authority to confirm)
Price
TO INCLUDE THE SUB-LEASE, GOODWILL, FIXTURES & FITTINGS £190,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 95,000 (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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