Convenience Store Fruit & Greens Free Off Licence For Sale

Business description

SPACIOUS SALES SHOP probably in the region of 700/800 sq. ft. sales area with tiled floor, suspended ceiling and well equipped including cool display serveover counter, 1-2.5m open cool display unit (used for dairy produce), 1 additional approx. 4m open cool display unit (used for soft drinks), 1-2.5m open cool display unit (used for beers), ice cream deep freeze (on loan), counter, electric cash register etc.

Small stockroom
Staff w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income currently of £9,600 p.a. the net rental payable at the present time is only £7,400 p.a. exclusive of rates).

Uniform Business Rates: £7,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £9,600 p.a. The FLAT comprises: 1 Bedroom Bathroom with bath, w.c. and wash hand basin Lounge Kitchen

Location:

Situated in a parade, excellent main road trading position, residential area, N LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,000/£8,000 p.w. We are further advised that the gross profit is in the region of 24%.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - 8 a.m. - 11 p.m.
Monday - Thursday inclusive - 7 a.m. - 11 p.m.
Friday & Saturday - 7 a.m. - 12 midnight

Employees:

The business is at present operated by a husband and wife team with the assistance of their family plus 2 part time staff employed.

Other information

Financing available:

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