Newsagents Convenience Store Groceries & Off Licence For Sale

Business description

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area, non-slip floor, fluorescent lighting. Fully equipped including counter, magazine display shelving, counter, electronic cash register, 2 greeting card display stands with drawers, centre display gondola, 3.75m open cool display unit, modern shelving, photocopier (on loan).

Large stockroom at rear
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 £18,600 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,900 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

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

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £8,000/£9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £850/£900 p.w. Gross profit we are advised in the region of 20%. In addition the business has on line national lottery plus scratch cards and we understand this provides a further income of approximately £400 p.w. The business also has Oyster and we understand this provides a further revenue of approximately £150/£160 p.w. The premises also has an ATM machine on loan and we understand this provides a further revenue of approximately £100 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£16,000/£17,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 6 a.m. - 9 p.m.

Employees:

The business is at present operated by the vendor with the assistance of his son full time plus 1 full time staff.

Other information

Financing available:

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