Superior and well fitted NEWS, CONFECTIONERY,TOBACCO, STATIONERY, GREETING
Price:
Leasehold - £110,000
Location:
London, CITY OF LONDON Central London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Bus Stop outside
In our opinion there is potential for tables and chairs to be placed in front of the shop.
SPACIOUS TRIPLE FRONTED SALES SHOP approx. 950 sq. ft. ceramic tiled floor, suspended ceiling with concealed lighting and well equipped including counter, 2 electronic cash registers, quality adjustable shelving, 2-8ft open cool display units (used for soft drinks, sandwiches, milk etc), ice cream deep freeze.
SANDWICH BAR SECTION with buffet hot & cold display unit, cold salad bar, automatic coffee machine, 2 microwave ovens, bake-off oven, bain marie, etc.
Storeroom with large chest deep freeze plus 2 small deep freezes
Staff cloakroom
WE ARE INFORMED the turnover averages £8,000/£8,500 p.w. (including sandwich bar section). Wholesale newsbill £900 p.w. Gross profit 38% approx. We further there is an income of £10,000 p.a. from commission payable in respect of the sale of line national lottery tickets, scratchcards, bus passes, Oyster plus mobile top-ups.
We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of approximately £41,000 p.a. exclusive of rates for the next 4 years, with rent reviews thereafter. We further understand that there is a current service charge of approx.£1,350 p.a.
Uniform Business Rates: £18,427 p.a.
OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE NEWS, CONFECTIONERY, TOBACCO BUSINESS COMBINED WITH SANDWICH BAR IN THIS EXCELLENT TRADING POSITION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, prime trading position, large office and tourist area, LONDON, C
Monday - Friday inclusive - 6.30 a.m. - 7 p.m.
Saturday opening - 10 a.m. - 5 p.m.
NO SUNDAY T
North Yorkshire
£ 750,000
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