- Listing ID: 906966
- (Seller ref: G5546)
Profitable Self Service Convenience Store and Off Licence For Sale
- Location:
-
- UK
- > North London
- Category:
- Type:
Listed by:
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Summary
- Asking price:
- £150,000
- Turnover:
- £676,000
- Net profit:
- Available on request
- Employees:
- The business is at present operated by the vendor on a part time basis with the assistance of 2 full time and 2 part time staff.
Business description
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,500 sq. ft. sales shop with lino floor, suspended ceiling with fluorescent lighting. Fully equipped including 2-3.75m cool display units, 1-1m open cool display unit, 1 large ice cream deep freeze (owned), 1 small glass topped additional ice cream deep freeze (used for quality ice cream including Háágen Dazs, 1-2.5m glass chest display deep freeze, counter, 2 electronic cash registers etc.
Large stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
Small kitchen
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease for a period of 20 years from July, 2005 at a current rental of £20,500 p.a. exclusive of rates up to July, 2013, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £7,900 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
- Location:
- Situated in a parade, main road trading position, residential and commercial area, close to the CITY OF LONDON
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £13,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 22% approx. We also understand the business are agents for bus passes, Paypoint, Western Union, Top-ups and Link Cash Point.
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£50,000 approx. can be reduced) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- 8 a.m. - 1 a.m. seven days per week
- Financing available:
- SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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- > North London
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