Well established FREEHOLD NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STA
Price:
Freehold - £330,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : This well established business has been in the same hands since 1989 and there are genuine reasons for sale.
The business has the advantage of being situated opposite a large bus station and close to a railway station.
DOUBLE FRONTED SALES SHOP probably in the region of 550 sq. ft. sales area with tiled floor. The equipment includes counter, electronic cash register, 3 greeting card display stands (2 with drawers under whilst the other has a gift wrapping paper section), 2 single door glass fronted drinks display fridges (1 owned, 1 on loan from Lucozade), shelving, ice cream deep freeze, cigarette gantry (on loan) etc.
It will be appreciated upon inspection that the shop in our opinion would benefit from being refitted.
Large stockroom
In our opinion there is potential to extend the shop into the stockroom at rear, subject to the necessary planning permission.
WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of additional lines and indeed with the sale of wines, beers and spirits, subject to obtaining the necessary licences. Wholesale newsbill £900 p.w. Gross profit we are advised in the region of 16%. We are further advised that the trading and profit and loss accounts for year ending 30th April, 2010 showed £184,939 with an overall gross profit of £47,457 (including commission received of £16,016). In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further income of approximately £130 p.w. The business also has Oyster and we understand this provides a further income of approximately £160 p.w.
Uniform Business Rates: £2,000 p.a. approx. (after small business relief)
EPC Rating: D (98)
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1989 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 £330,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, densely populated residential and commercial area, S.E. LONDON
Monday - Friday inclusive - 6.15 a.m. - 6.45 p.m.
With the exception of Wednesday & Friday when t
The SPACIOUS living accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (1 very large double, 1 additional double plus 1 single)
Bathroom with bath, shower over bath, wash hand basin
Separate w.c.
Large Lounge
Kitchen with fitted units
Large yard at rear. Double Garage (partly used for storage of soft drinks)
North Yorkshire
£ 750,000
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