SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL
Price:
Leasehold - £120,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP probably in the regio of 1,500 sq. ft. sales area, suspended ceiling with concealed lighting. The equipment includes 3 glass topped chest display deep freezes, 2 open cool display units, modern adjustable shelving, 2 display gondolas, counter, 2 electronic cash registers etc.
Large stockroom
Kitchen
Large office
Staff w.c. with wash hand basin
WE ARE INFOMRED the turnover averages £12,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £280 p.w. Gross profit 24% approx. In addition the business has Paypoint and we are advised by the vendor that the commission at the present time is in the region of £280/£300 p.w.
We understand the premises are held on a secure renewable Council lease, the present lease having aproximately 12 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £4,880 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, busy road, residential and commercial area, LONDON, SE
24 hours per day seven days per week
North Yorkshire
£ 750,000
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