COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, ICES, CON
Price:
Leasehold - £39,950
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SINGLE FRONTED SALES SHOP we are advised in the region of 550/600 sq. ft. sales area with tiled floor, suspended ceiling. The equipment includes counter, electronic cash register, Walls ice cream deep freeze (on loan), cigarette gantry (on loan), 1-2.5m open cool display unit (used for beers plus chilled foods), 1 single door glass fronted display fridge (on loan from Lucozade) etc.
Stockroom with shelving
Large cellar used for storage purposes
WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £400/£500 p.w. Gross profit 24% approx. In addition the business is agents for Oyster and we understand this provides a further commission of approximately £80 p.w. In addition the business also has Paypoint and we understand this provides a further commission of approximately £30 p.w.
We understand the present lease expires in December, 2012 at a current rental of £12,500 p.a. exclusive of rates. We understand that subject to satisfactory references the landlord is prepared to grant a new 10 years lease at an initial rental of £13,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: Nil payable at present after full relief
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, SOUTH LONDON
Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 2 p.m.
The accommodation comprises:
3 Bedrooms (2 doubles, 1 with wash hand basin, 1 single)
Cloakroom with w.c.
Separate ground floor bathroom
Large Lounge
Kitchen with fitted units
Yard at rear. Garage
North Yorkshire
£ 750,000
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