Profitable Self Service Convenience Store and Off Licence For Sale

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.