| (REF: G5556) Profitable Self Service Convenience Store, Counter News, Full Free Off Licence |
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| Seller Reference: |
G5556 |
| B4S Reference: |
13417 |
| Asking Price: |
£50,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£390,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
North London, London, United Kingdom |
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Nationwide are pleased to offer to the market : DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, suspended ceiling with concealed lighting and well equipped including modern adjustable shelving, 1 large glass topped chest deep freeze, open cool display unit, electronic cash register, counter, cigarette gantry (on loan) etc.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £150/£160 p.w. The business also has an Oyster machine and we understand this provides a further commission of approx. £220 p.w. Also in addition the business has Paypoint and we understand this provides yet a further commission of £45/£50 p.w.
We understand the premises are held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of £14,000 p.a. exclusive of rates, fixed for the remainder of the term. We further understand the landlord will consider a surrender of the existing lease and the granting of a new 15 years lease at terms and rent to be agreed.
Uniform Business Rates: £1,000 p.a. approx. (after small business relief)
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Rear garage used for storage purposes |
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Location: |
Situated end of parade, occupying a corner position, main road, residential and commercial area, LONDON, NW |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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6 a.m. - 11 p.m. seven days per week |
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The business is at present operated by the vendor with the assistance of his brother-in-law plus 1 part time staff. |
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