Well established COUNTER NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIE
Price:
Leasehold - £85,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area, non-slip floor, fluorescent lighting. Fully equipped including counter, magazine display shelving, counter, electronic cash register, 2 greeting card display stands with drawers, centre display gondola, 3.75m open cool display unit, modern shelving, photocopier (on loan).
Large stockroom at rear
Staff w.c. and wash hand basin
WE ARE INFORMED the turnover averages £8,000/£9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £850/£900 p.w. Gross profit we are advised in the region of 20%. In addition the business has on line national lottery plus scratch cards and we understand this provides a further income of approximately £400 p.w. The business also has Oyster and we understand this provides a further revenue of approximately £150/£160 p.w. The premises also has an ATM machine on loan and we understand this provides a further revenue of approximately £100 p.w.
We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £18,600 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £4,900 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£16,000/£17,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, N
Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 6 a.m. - 9 p.m.
North Yorkshire
£ 750,000
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