Convenience Stores for sale in North London

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Imran Ahmed (Nov 2014)
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Leasehold Price: £125,000 Price Reduced Weekly Turnover: £12,200
Request Details
Business Description
SHOP NO. 1. News, Confectionery, Tobacco, Convenience Groceries, Full Free Off Licence. Electric shutters to DOUBLE FRONTED SALES SHOP probably in the region of 700/750 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, 2 electric cash registers, 1 glass topped chest deep freeze, 1 open cool display unit, modern shelving, centre display gondola, cigarette gantry (on loan) etc.

It will be appreciated upon inspection that in our opinion the shop would benefit from some upgrading.

Stockroom
Staff w.c. & wash hand basin

Included in the sale is an adjoining shop comprising a quality greeting card shop. Electric shutters to DOUBLE FRONTED SALES SHOP. Sales area in the region of 700/750 sq. ft. with carpet tiled floor, suspended ceiling with concealed lighting. Counter, electronic cash register, slats to walls. 18 greeting card display stands with drawers.

Stockroom
Staff w.c. & wash hand basin.

Turnover : Shop No. 1. £10,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 24% approx. In addition the business is agents for the sale of on line national lottery tickets & scractch cards & we understand this provides a commission of approximately £270 p.w. The business also has Paypoint plus an ATM machine which we understand provides a further revenue of approximately £170 p.w. The business also has Oyster which we understand provides a further commission of approximately £100 p.w.

Adjoining shop. WE ARE INFORMED the turnover is in the region of £1,700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £125,000 plus STOCK AT VALUATION (£35,000 approx. including approximately £15,000 in respect of the greeting card shop).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Shop No. 1.
Monday - Saturday inclusive - 7.30 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 4 p.m.

Adjoining Shop
Monday - Saturday inclusive - 9 a.m. - 6.30 p.m.
Sunday Closed


Number of Employees:

Both shops are at present operated by the vendor with the assistance of 2 full time plus 1 part time staff.

Tenure: Leasehold

Location Details:

Situated in a parade, excellent main road trading position, not far from Underground Station, N LONDON.

Listed by: Nationwide Businesses Ltd
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C8337
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