Profitable Convenience Groceries For Sale

Business description

SPACIOUS SINGLE FRONTED SALES SHOP approx. 16ft frontage x 30ft depth with tiled floor, fluorescent lighting. Fully equipped including shelving, ice cream deep freeze (on loan), 1 upright doubel door drinks display fridge plus 2 upright single door drinks display fridges (all on loan), counter, till etc.

Stockroom
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 having 15 years unexpired from June, 2009 at a rental of £24,500 p.a. exclusive of rates up to June, 2014, with rent review at that time and thereafter after the following 5 years.

Uniform Business Rates: £8,500 p.a. approx.

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 19 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading position, busy road, tourists/residential area, LONDON, SW

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,000 p.w. We understand from the vendor the gross profit is in the region of 30%.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£10,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

6 a.m. - 1 a.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.