Attractive Confectionery Tobacco Greeting Cards Modified Sub Post Office For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,000 sq. ft. sales area. Air conditioned. Carpeted, suspended ceiling with concealed lighting. The equipment includes 2 greeting card display stands with drawers, 1 revolving card stand (on loan), 2 upright single door glass fronted drinks display fridges, counter, electronic cash register. Post Office counter with anti-bandit screen (5 positions). Photo booth (on lease to be taken over) etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 32 years unexpired at a rental of £21,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years. (It should be noted that the owners at present operate a Travel Agency at the rear of the shop. This can be continued if desired to provide a rental income of £700 per month).

Uniform Business Rates: £6,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, LONDON, W

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition we understand there is an income of approximately £300 per month from the photo booth. The business also offers a cheque cashing service and we understand this provides a further commission of approximately £500 per month. Post Office salary £70,000 p.a. approx. We are further advised that an ATM external machine is shortly to be installed and we understand that this provide a further rental income paid by the post office of £500 per month plus additional income depending on the transactions recorded at the machine.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION (£5,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Trading hours:

Monday - Saturday inclusive - 8.45 a.m. - 7 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.