Superb North London Off Licence Grocers And Newsagents For Sale

Business description

Superb Off Licence Grocers & Newsagents North London

LOCATION: Well positioned in a parade of shops on busy ‘cut through’ road and serves a densely populated residential area. There is easy, unrestricted parking in road outside, plus there is a bus stop nearby.

DESCRIPTION: The premises was expensively re-fitted throughout and totally re-equipped in April 2007. It is absolutely superb and must be viewed to appreciate. The frontage is approx 16’-6” wide and is secured by electrically operated roller shutters. The 720 sq ft lock-up premises comprises a beautifully fitted front sales section which is exceptionally attractive and is backed by a stock room and toilet/washroom.

EQUIPMENT: Superb equipment includes 8’-3” and 12’-3” long refrigerated shelf unit, display fridge, 6’-6” long display chest freezer, 4’-0” long chest freezer, electronic cash register, etc.

BUSINESS: This long established business has been in the same hands since 1979 and is now only for sale as the owner wishes to retire. We are informed is taking £5,000/£5,500 per week with a gross profit margin of 25%. Plus £500/£600 per week international phone cards, plus £500/£600 per week E Top-up and money transfer.

HOURS: Mon-Sun 6.00 am to 11.00 pm.

ACCOMM: There is 2 bedroom residential accommodation available to be negotiated separately.

TENURE: Owner offers purchaser a brand new 16 years lease and rent £12,000 per annum with reviews every 4 years.

RATES: Business rates payable are approx £2,200 per annum.

Property information

Property:

Leasehold

Lease terms:

Owner offers purchaser a brand new 16 years lease and rent £12,000 per annum with reviews every 4 years.

Leasehold rent:

£12,000 per annum

Living accommodation:

ACCOMM: There is 2 bedroom residential accommodation available to be negotiated separately.

Location:

Well positioned in a parade of shops on busy ‘cut through’ road and serves a densely populated residential area. There is easy, unrestricted parking in road outside, plus there is a bus stop nearby.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Mon-Sun 6.00 am to 11.00 pm.

Employees:

Husband and Wife

Years established:

1979

Other information

Support & training:

Full handover support and training included in asking price.

Inventory / Stock value:

£20,000

Related documents:

• 
• Compulsory Registration Form to Return Please