Convenience Stores for sale in North London

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S Martin (Feb 2013)
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Leasehold Price: £58,000 Price Reduced Weekly Turnover: £5,500
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Business Description
SINGLE FRONTED SALES SHOP in the region of 300 sq. ft. sales area we understand refurbished & refitted approximately 5 years ago. Non-slip floor, suspended ceiling with concealed lighting, modern adjustable shelving, centre display gondola, 1 glass topped ice cream deep freeze, 4m open cool display unit (used for soft drinks, dairy produce & beer), counter, electronic cash register, 2 greeting card display stands (1 with drawers under whilst the other has gift wrapping paper section) etc.

Basement used for storage purposes

Staff w.c. & wash hand basin.

Turnover : £5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £120 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £60 p.w. The business is also agents for Western Union which we understand provides a commission of approximately £50/60 per month. We are further advised the sales year ending 30th September, 2012 showed £211,007 with a gross profit of £37,637.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Thursday inclusive - 6.30 a.m. - 10 p.m.
Friday - 6.30 a.m. - 11 p.m.
Saturday - 7 a.m. - 11 p.m.
Sunday opening - 7 a.m. - 6 p.m.


Number of Employees:

The business is at present operated by a husband & wife team with the assistance of 1 part time staff.

Tenure: Leasehold

Location Details:

Situated in a parade, residential area, NORTH WEST LONDON

Listed by: Nationwide Businesses Ltd
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G6868
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