Convenience Stores for sale in North London

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John Peacock (Feb 2017)
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Freehold Price: £400,000 Leasehold Price: £400,000 Weekly Turnover: £8,000
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Business Description
Large front paved area with terrific potential for the display of fruit & vegetables if desired.

Electric shutters to SPACIOUS SALES SHOP in the region of 800 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, electronic cash register, coffee machine (on lease agreement to be taken over), 2.5m open cool display unit (used for soft drinks & beers), 1-3.75m open cool display unit (used for soft drinks & dairy produce), large glass topped chest display deep freezer, upright single door glass fronted fridge, display gondolas, modern shelving, glass topped ice cream deep freezer (owned) etc.

Small stockroom
Staff w.c.

Situated in a parade of 4 shops, large residential estate, nw LONDON

Turnover : £8,000 p.w. in our opinion offering tremendous potential for further increase, especially with earlier morning opening. Gross profit 22% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £35 p.w. The business also has Oyster which we understand provides a further commission of approximately £50 p.w. The business also has an ATM machine which we understand provides a commission of approximately £70 per month. In addition the business has Paypoint.

Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Lease : £400,000 Freehold : £400,000 (G8020)

Trading Hours:
Monday - Saturday inclusive - 8.30 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 10 p.m.

Number of Employees:
The business is at present operated by the vendor on a part time basis with the assistance of 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.

Tenure: Freehold, Leasehold

Location Details:
Situated in a parade of 4 shops, large residential estate, nw LONDON

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

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