| (REF: G5722) Self Service Convenience Store, Full Free Off Licence |
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| Seller Reference: |
G5722 |
| B4S Reference: |
21785 |
| Asking Price: |
£29,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£197,600 |
| 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 SALES SHOP 550 sq. ft. sales area with lino floor, fluorescent lighting. The equipment includes shelving, 2 glass topped chest deep freezes, 1 open cool display unit, 5 upright glass fronted fridges, counter, electronic cash register etc.
It will be appreciated upon inspection that the business requires some refitting.
Stockroom - partly shelved
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £3,800 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 24% approx. In addition the business is agents for Payzone and we understand this provides a further revenue of approx. £100 p.w. In addition the business sells Oyster Cards and we are advised this provides a further revenue of approx. £125 p.w.
We understand the landlord, subject to satisfactory references, is prepared to grant a new 12 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £4,000 p.a. approx.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £29,000 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: |
Access only |
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Location: |
Situated in a parade, main road trading position, densely populated residential and commercial area, 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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Monday - Saturday inclusive - 8.30 a.m. - 11 p.m.
Sunday opening - 9.30 a.m. - 11 p.m. |
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The business is at present operated by the vendor with the assistance of his brother. |
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