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Reference G8764

Well Established Convenience Store in North London For Sale

Well Established Convenience Store in North London For Sale
Well Established Convenience Store in North London For Sale Buy a Well Established Convenience Store in North London For Sale Sell a Well Established Convenience Store in North London For Sale Well Established Convenience Store in North London For Sale for Sale Well Established Convenience Store in North London For Sale for Sale Well Established Convenience Store in North London For Sale for Sale

Register to see map and to make an appointment Impressive double unit , end of terrace, busy main road, residential area, NW LONDON

Turnover 8,250
Price 100,000

Features

Well Established Convenience Store, Counter News, off Licence, National Lottery

DOUBLE FRONTED PREMISES WITH SHUTTERS approx 750 sq ft. Vinyl floor, plaster board ceiling with tube lighting. CCTV 6 cameras. Air conditioning unit. Sales counter, tobacco gantry, EPOS till, electronic cash register, 2-5 m glass topped freezers, ice cream freezer, 2m dairy cabinet, double door Coca Cola fridge, double door Pepsi fridge, upright double door beer fridge, shelving, greeting card display stand.

Cloakroom with toilet and sink

Office / store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages 8,250 p.w. with a gross profit of 25% approx. Wholesale newsbill 425 p.w. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of 100 p.w. in respect of National Lottery.

Staff

The business is at present operated by the vendor with family assistance as required.

Trading Hours

7 Day week
MONDAY - FRIDAY 8am - 7pm
SATURDAY - 8am - 7.30pm
SUNDAY - 9am - 4pm

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 YEARS SECURE RENEWABLE LEASE at a rent of 32,500 p.a. with rent reviews every 4 years (next review 2026).

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1979 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 100,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 50,000 (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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