Well established COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS sligh
Price:
Freehold - £330,000
Leasehold - £40,000
Location:
London, South London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : The business has been in the same hands since 1977 and there are genuine reasons for sale.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP refitted approximately 4/5 years ago. Tiled floor, suspended ceiling with concealed lighting. Counter, electronic cash register, glass topped ice cream deep freeze, upright double door glass fronted drinks display fridge (owned), open cool display unit (owned), modern shelving, 2 revolving card display stands (on loan) etc.
Stockroom/office
WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £300 p.w. The business is agents for Oyster and we understand this provides a commission of approximately £70 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £35 p.w. In addition the business is agents for Western Union and we understand this provides a further revenue of approximately £300 per month.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates last year £1,517
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1977 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £330,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, residential area, LONDON, SE
Monday - Saturday - 6.45 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 7 p.m.
The SPACIOUS living accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
Ground Floor
Kitchen
Conservatory
Bathroom with bath, wash hand basin
Separate cloakroom
First Floor
Lounge
1 Double Bedroom with fitted wardrobe
Second Floor
2 Additional Double Bedrooms
Rear yard.
Storeshed plus parking space
|
|
Business Services that may be of Interest:
|
|
|