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Reference C9190

Off Licence in South London For Sale

Off Licence in South London For Sale
Off Licence in South London For Sale Buy a Off Licence in South London For Sale Sell a Off Licence in South London For Sale

Register to see map and to make an appointment Situated in a parade with attractive views & adjoining river Thames, residential area SE LONDON

Turnover 7,000
Price 80,000

Features

Well Established Full Free off Licence Slight Confectionery, Tobacco

FREE CAR PARKING IN FRONT OF PARADE

ATTRACTIVE SALES SHOP with tiled floor. The equipment includes counter, electronic cash register, double door glass fronted wine fridge, 1 double door glass fronted fridge for beers, 5 single door glass fronted display fridges (3 used for beers whilst 2 are used for soft drinks), shelving, ice cream deep freezer etc.

Stockroom, single door glass fronted storage fridge
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 7,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st July, 2018 showed 260,981 with a gross profit of 86,949 i.e. 33.32% & a net profit before finance costs & bank charges of 61,470.

Staff

At present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

12 noon - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease for a period of 10 years from 2016 at a current rental of 13,000 p.a. exclusive of rates for the next 2 years increasing at that time to 13,500 p.a. exclusive of rates for the remainder of the term.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 80,000 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 40,000 (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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