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Reference C9238

Post Office & Coffee Shop in North London For Sale

Register to see map and to make an appointment Excellent trading position, residential & commercial area NORTH LONDON

Turnover 700
Post Office 135,000
Price 185,000

Features

Spacious Stationery Plus Caribbean Restaurant with Main Post office

SPACIOUS SALES SHOP in the region of 380 sq. metres. The RESTAURANT has a quality tiled floor. Tables & chairs for approximately 24 persons. Cool display counter, upright glass fronted fridge.

STATIONERY SECTION with retail counter plus post office combination counter, electric cash register. In addition there is a LARGE POST OFFICE SECTION with 2 fortress positions & 4 open positions.

LEVEL KITCHEN with non-slip floor. The equipment includes 1 microwave, 1 electric oven, 1 upright stainless steel fridge, 2 deep freezers, double sink & drainer, dish washer, cooker, chip fryer, grill, etc.

Customers' cloakroom with w.c. & wash hand basin

In addition there is a large storeroom plus staff w.c.

A small area of the shop approximately 1m x 2m is let to a person selling mobile phones & we understand he pays a rental to the owner of the business of 500 per month.

Turnover

WE ARE INFORMED the turnover averages 700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Post Office income 135,000 p.a. approx. We understand the Restaurant is closed at present, however in our opinion offers terrific potential for development in the right hands.

Staff

At present mainly staff run. Staff employed 4 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is scope to open on Sunday, if desired.

Tenure

We understand the premises are held on a secure renewable lease having 10 years unexpired from September, 2019 at a rental of 84,000 p.a. exclusive of rates up to September, 2024 with rent to be agreed thereafter.

Uniform Business Rates: 32,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 185,000 plus STOCK AT VALUATION (2,000/2,500 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 92,500 (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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