Profitable Full Free Off Licence Confectionery Business For Sale

Business description

SPACIOUS SINGLE FRONTED SALES SHOP approx. 18ft frontage x 45ft depth with laminated strip floor, suspended ceiling and well equipped including counter, electronic cash register, shelving, 2 deep freezes, 9 single door drinks display fridges etc.

Staff cloakroom with w.c. and wash hand basin

Basement used for storage purposes

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £35,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £9,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading position, densely populated residential and commercial area, LONDON, W

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £9,000/£10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of between £120/£130 p.w. The business also sells Top-up cards and we understand this provides a further income of approx. £40 p.w.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 11 a.m. - 11 p.m.
Sunday opening - 12 noon - 10.30 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.