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Reference G6919

Convenience Store with Off Licence in West Norwood For Sale

Convenience Store with Off Licence in West Norwood For Sale
Buy a Convenience Store with Off Licence in West Norwood For Sale Sell a Convenience Store with Off Licence in West Norwood For Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, close to railway station, SE LONDON WEST NORWOOD

Turnover 7,000
Price 45,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence, Paypoint, Online National Lottery, Western Union

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes counter, 1 till with EPOS scanning system, additional electric cash register, 1 open cool display unit, 2 double door glass fronted display fridges, 1 large chest deep freezer, 1 ice cream deep freezer etc.

PLEASE NOTE THERE IS A LARGE BASEMENT

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. Wholesale newsbill 70 p.w. We are further advised that the gross profit is in the region of 20%. The business also has Paypoint & we understand this provides a commission of approximately 15 p.w. The business has a Parcel Agency which we understand provies a commission of 150 p.w. At the present time part of the shop is sub-let for the sale of mobile phones & we understand this provides a rental of 500 per month.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

Open 7 days a week - 8 a.m. - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of 12,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 3,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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