| (REF: G5425) Self Service Convenience Store, Counter News, Off Licence |
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| Seller Reference: |
G5425 |
| B4S Reference: |
21775 |
| Asking Price: |
£70,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£364,000 |
| 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 : SPACIOUS SINGLE FRONTED SALES SHOP approx. 750 sq. ft. sales area, we understand all refitted approx. 2 years ago. Tiled floor, suspended ceiling. Counter, electronic cash register, modern adjustable shelving, 2 large open cool display units, 2 ice cream deep freezes (owned) etc.
Small stockroom
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450/£500 p.w. Gross profit 24% approx. In addition, the business has a Paypoint and we understand this provides a commission of approx. £45/£50 p.w.
We understand the premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of £7,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £1,900 p.a. approx. + water rates.
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 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: |
Yard at rear with parking space for 2 cars. |
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Location: |
Situated in a parade, residential and commercial area, close to an Underground Station, LONDON, N |
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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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6.30 a.m. - 11 p.m. seven days per week |
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Staff employed 1 full time and 1 part time. 1 morning newround. Delivery charge £1.99 p.w. |
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