Convenience Stores for sale in West London

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Ian McGregor (Nov 2013)
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Leasehold Price: £29,995 Price Reduced Weekly Turnover: £4,750
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Business Description
Forecourt used for display purposes

Electric shutters to DOUBLE FRONTED MEDIUM SIZED SALES SHOP probably in the region of 300 sq. ft. sales area with air conditioning, ceiling with fluorescent lighting. The equipment includes counter, electronic cash register, 2m open cool display unit, modern adjustable shelving, cigarette gantry (on loan). CCTV system with 8 cameras, monitor plus recording.

Kitchen
Staff w.c.

Stairs to large basement with tiled floor, racking used for storage purposes.

Turnover : £4,750 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Off Licence. Wholesale newsbill £350 p.w. Gross profit 20% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £80 p.w. The business also has Oyster which we understand provides a further commission of approximately £40 p.w. In addition there is Paypoint which we understand provides a further revenue of approximately £45 p.w.
We are further advised that the sales year ending 31st March, 2014 showed £173,692 with a gross profit of £41,257 (including commission received of £7,256).

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £29,995 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 7 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 3 p.m.


Number of Employees:

The business is at present operated by the vendor on a full time basis with the assistance of 1 full time person plus 1 delivery person for 1 small newsround.

Tenure: Leasehold

Location Details:

Situated in a terrace, densely populated residential area, LONDON, WC1

Listed by: Nationwide Businesses Ltd
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G7030
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