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Well fitted FREEHOLD COUNTER NEWS, CONFECTIONERY, TOBACCO, GREEING CARDS sl
Price:
Freehold - £420,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Please note the vendor has recently completed a large extension to the existing shop providing additional sales area of 800/900 sq. ft. with ceramic tiled floor, fluorescent lighting, new shelving, in our opinion offering terrific potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to getting the necessary Licence.
Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP approx. 450 sq. ft. sales area with new shop front and refitted in 2005. Tiled floor, suspended ceiling with concealed lighting, air conditioning/heating unit, counter, electronic cash register, modern adjustable shelving, 2 ice cream deep freezes (owned), 2 upright double door drinks display fridges (both owned), 1 upright single door drinks display fridge (on loan from Lucozade), 1 upright single door glass fronted drinks display fridge (on loan from Pepsi Coca), large display section for greeting cards etc.
As will be appreciated upon inspection with the newly built large shop extension at rear providing additional sales area of 800/900 sq. ft. the business offers tremendous potential for development. We also understand that planning permission has been granted to use approximately 400 sq. ft. of this extension to convert into a 1 bedroom flat, if desired.
Staff toilet and wash hand basin
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase, as will be appreciated the total sales area is now in the region of 1,250 sq. ft. As will be appreciated from the above, the owners have recently obtained the Premises Licence for the sale of wines, beers and spirits and subject obiously to obtaining the Personal Licence, in our opinion the business offers tremendous potential for the introduction of the sale of wines, beers and spirits. Wholesale newsbill £700 p.w. The business is agents for the sale of bus passes and we understand this provides a commission of approx. £120 p.w. The business is also agents for Payzone and we understand this provides a further commission of approx. £40 per month. We are further advised that the sales year ending 31st January, 2010 showed £195,687 with a gross profit of £41,972 including commission received of £6,905.
Uniform Business Rates: £1,200 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED COUNTER NEWS, CONFECTIONERY, TOBACCO, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
THIS WELL ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £420,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, densely populated residential area with school nearby, SE
Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 3 p.m.
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
First Floor
Lounge
1 Double Bedroom
Fully tiled bathroom with bath, w.c. and wash hand basin
Second Floor
Fitted kitchen
2 Bedrooms (1 double plus 1 single)
Small yard
North Yorkshire
£ 750,000
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