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Reference G7321

Supermarket and Off Licence in Islington For Sale

Register to see map and to make an appointment Main road trading position, North LONDON ISLINGTON

Turnover 14,000
Price 107,500

Features

Self Service Convenience Store, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 350.9ft (32.6M) sales area with tiled floor, fluorescent lighting. The equipment includes counter, 2 electronic cash registers, 1 glass topped chest deep freezer, 2 open cool display units, modern adjustable shelving, centre display gondolas etc.

Large basement in the region of 341.4ft (31.72M) used for storage purposes plus office

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 14,000 p.w. in our opinion offering further development in the right hands, G.P. 28%.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 2 part time staff.

Trading Hours

24 hours per day. Seven days per week

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 23 years unexpired at a rental of 32,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 5,479 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 107,500 plus STOCK AT VALUATION (20,000/25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 53,750 (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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