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Supermarket and Newsagent in Clerkenwell (north) For Sale

Supermarket and Newsagent in Clerkenwell (north) For Sale
Buy a Supermarket and Newsagent in Clerkenwell (north) For Sale Sell a Supermarket and Newsagent in Clerkenwell (north) For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, office & tourist area,WC LONDON CLERKENWELL (NORTH)

Turnover 9,000
Price 106,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco

SINGLE FRONTED SALES SHOP probably in the region of 380 sq. ft. sales area with vinyl floor, suspended ceiling, fluorescent lighting. The equipment counter, electronic cash register, chest deep freezer, ice cream deep freezer, 1-3.75m open cool display unit, modern adjustable shelving etc.

Staff cloakroom with w.c. & wash hand basin

Basement approximately 380 sq. ft. with office plus storage area

Turnover

WE ARE INFORMED the turnover averages 9,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional stock & indeed with the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 250 p.w. The business has Oyster which we understand provides a commission of between 130/140 p.w. on average.

Staff

At present staff operated. 3 full time staff employed.

Trading Hours

24 hours per day seven days per week

Tenure

We understand the premises are held on a secure renewable lease for a period of 10 years from July, 2011 at a rental of 20,750 p.a. plus VAT exclusive of rates, due for rent review at the present time for the next 5 years.

Uniform Business Rates: 6,666 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 106,000 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 53,000 (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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