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SELF SERVICE CONVENIENCE STORE, FULL FREE OFF LICENCE

Price:
Leasehold - £65,000
Turnover:
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Seller Ref:
G6223
Location:

London, North London

Business Type:

Retail businesses

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Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : Electric shutters to SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 900/1,000 sq. ft. sales area. Ceramic tiled floor, suspended ceiling with concealed lighting. Newly fitted approximately 2 months ago including centre display gondola, 1 glass topped chest deep freeze, 2-3.75m open cool display units, 1 glass topped chest deep freeze, ice cream deep freeze (owned) etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

WE UNDERSTAND the shop was opened in approximately October, 2011 and we are further advised that the turnover is currently in the region of £8,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit we understand to be in the region of 23%.

We undersand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of £21,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Situated in a parade, commercial and residential area, LONDON, N
Trading Hours:
8 a.m. - 10 p.m. seven days per week
Accommodation:
Yard at rear
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