Superbly fitted and highly profitable SELF SERVICE CONVENIENCE STORE, COUNT
Price:
Leasehold - £145,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : IMPRESSIVE & SPACIOUS SALES SHOP in the region of £1,200 sq. ft. sales area with ceramic tiled floor, suspended ceiling with concealed lighting, 1 air conditioning unit. Well equipped including counter, 2 electronic cash registers, modern adjustable shelving, centre display gondolas, 3 upright single door display deep freezes, 1 large 3-tier ice cream display deep freeze (owned), 2-3.75m open cool display units, 2 additional open cool display units (on loan and utilized for soft drinks), 2 greeting card display stands with drawers under, photocopier (loan), bake-off oven (on loan).
Large cellar utilized for storage purposes and with 3 chest deep freezes
WE ARE INFORMED the turnover averages £11,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,000 p.w. Gross profit 15.5% approx. In addition the business has on line national lottery plus scratch cards and we are informed the turnover in this respect is in the region of £2,000 p.w. The business also sells top-ups and we understand the turnover from this is in the region of £1,000 p.w. The business also has Oyster, bus passes and travel cards and we understand the turnover in respect of this is in the region of £18,000 p.w. We are further advised that the sales year ending 31st July, 2009 showed £525,994 with a gross profit of £83,121 i.e. 15.8% plus commission of £42,385 providing an overall gross profit of £125,506.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £24,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £8,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade excellent main road trading position, LONDON, SW
Monday - Friday inclusive - 6 a.m. - 9 p.m.
Saturday & Sunday opening - 7 a.m. - 9 p.m.
North Yorkshire
£ 750,000
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