Well established mainly COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARD
Price:
Leasehold - £30,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : DOUBLE FRONTED SALES SHOP probably in the region of 500 sq. ft. sales area with suspended ceiling, concealed lighting. The equipment includes modern shelving, magazine display shelving, cigarette gantry (on loan), counter, electronic cash register, 2 greeting card display stands with drawers, centre display stands, 2 double door glass fronted display fridges (1 owned whilst the other is on loan from Coca Cola), 1 upright single door glass fronted display fridge (on loan from Lucozade), ice cream deep freeze (owned).
Large stockroom at rear
It will be appreciated upon inspection there is potential to extend the shop into the rear stockroom, if desired.
WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,100 p.w. Gross profit 20% approx. We are further advised that the sales year ending 31st October, 2010 showed £204,792 with a gross profit of 37,693.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 10 years unexpired at a rental of £12,480 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.
Uniform Business Rates: £4,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, densely populated residential and commercial area, LONDON, N
Monday - Saturday inclusive - 6 a.m. - 6.30 p.m.
Sunday opening - 6 a.m. - 3 p.m.
North Yorkshire
£ 750,000
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