Self Service Stores Full Free Off Licence For Sale

Business description

SPACIOUS SINGLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with tiled floor, fluorescent lighting. Fully equipped including counter, electronic cash register, cigarette gantry (on loan), centre display gondola, 3 upright double door drinks display fridges (2 owned and 1 on loan from Lucozade), open dairy display unit, 1 upright single door drinks display fridge, ice cream deep freeze (owned), chest display deep freeze.

Stairs to large basement used for storage purposes

Staff w.c.

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £13,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £830 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REDUCED FOR EARLY SALE

Location:

Situated in a parade, main road trading position, densely populated residential and commercial area, LONDON, SE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase, especially with opening earlier in the morning. In addition the business sells Oyster cards and we understand this provides a commission of approx. £70 p.w. We are advised by the vendor on line national lottery has been installed.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£12,000/£13,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £270,000 plus STOCK AT VALUATION (£12,000/£13,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

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

Employees:

The business is at present operated by the vendor with the assistance of 3 part time staff.

Other information

Financing available:

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

Leasehold asking price:

£45,000