Profitable well fitted COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS
Price:
Leasehold - £150,000
Location:
London, West London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS SINGLE FRONTED SALES SHOP approx. 16' frontage x 30' depth with tiled floor, fluorescent lighting. All recently newly fitted. Counter, electronic cash register with scanning facility, 1-1.4m upright double door glass fronted display deep freeze (owned and used for frozen foods), 1 upright single door glass fronted display freezer (owned and used for ice cream), 1-2.5m open cool display unit (used for dairy produce, milk, food etc), 2-1m upright double door glass fronted display fridge (both on loan and used for soft drinks), 2-1.2m upright double door glass fronted drinks display fridges (both owned, 1 used for wines whilst the other used for beers), modern adjustable shelving, 3 revolving card display (2 on loan, 1 used for post cards whilst the other 2 used for greeting cards), display trolley for fruit and vegetables, flower display tolley (on loan) Candy Stop PICK N MIX stand (owned), 4 camera CCTV system with remote viewing facility (owned).
Stockroom
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £15,000 p.w. Wholesale newsbill £1,000 p.w. Gross profit we are advised 25% approx. In additon the business has Payzone and we understand this provides a further revenue of approximately £50 p.w. The business also has Oyster and we are advised this provides a further commission of approximately £40 p.w. The business also has an Off Licence to serve alcohol 24 hours, being the only shop in the Earls Court area, the vendor charges extra for alcohol after midnight.
We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £24,500 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.
Uniform Business Rates: £10,500 p.a. approx.
EPC Grade C (64)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent trading position, busy road, tourist/residential area, LONDON, W
24 hours per day seven days per week
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