London Profitable Self Service Convenience Store Household Goods For Sale

Business description

Spacious Sales Shop, probably in the region of 3,300 sq. ft. sales area. Carpet tiled floor, suspended ceiling with fluorescent lighting, counter, 2 tills with EPOS scanning system, open cool display unit, 2 double door glass fronted display fridges (1 on loan from Pepsi Cola, the other on loan from Coca Cola), modern adjustable shelving, 3 centre display gondolas, etc.

First floor, large stockroom area with shelving. We understand that there is potential to convert the first floor area into 2 self contained 2 bedroomed flats.

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

Property information

Property:

Leasehold

Lease terms:

WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 9 years unexpired, at a rental of £34,000 p.a. excl. of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform business rates £14,950 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Location:

Situated in a parade, excellent trading position, LONDON, E

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 p.w., in our opinion offering tremendous for further increase in the right hands. Gross profit, we are advised, 40/45% approx.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IN THE REGION OF £95,000 PLUS STOCK AT VALUATION (£35,000 approx.) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Trading hours:

Monday/Saturday incl. 9 a.m. - 7 p.m.
Sunday opening 10 a.m. - 5 p.m.

Employees:

The business is at present operated by the vendor on a part time basis with the assistance of 4 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance