Asking price: £179,000

Sales revenue: £78,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,000 sq. ft. sales area. Air conditioned. Carpeted, suspended ceiling with concealed lighting. The equipment includes 2 greeting card display stands with drawers, 1 revolving card stand (on loan), 2 upright single door glass fronted drinks display fridges, counter, electronic cash register. Post Office counter with anti-bandit screen (5 positions). Photo booth (on lease to be taken over) etc.

Employees: The business is at present operated by the vendor on a part time basis with the assistance of 2 full time in respect of the post office section and 1 full time in respect of the shop.

Trading hours: Monday - Saturday inclusive - 8.45 a.m. - 7 p.m. NO SUNDAY TRADING

Property: Leasehold

Lease terms
We understand the premises are held on a secure renewable lease, the present lease having approximately 32 years unexpired at a rental of £21,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years. (It should be noted that the owners at present operate a Travel Agency at the rear of the shop. This can be continued if desired to provide a rental income of £700 per month). Uniform Business Rates: £6,000 p.a. approx. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Location
Situated in a parade, excellent main road trading position, LONDON, W

Expansion potential
WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition we understand there is an income of approximately £300 per month from the photo booth. The business also offers a cheque cashing service and we understand this provides a further commission of approximately £500 per month. Post Office salary £70,000 p.a. approx. We are further advised that an ATM external machine is shortly to be installed and we understand that this provide a further rental income paid by the post office of £500 per month plus additional income depending on the transactions recorded at the machine.

Reasons for selling
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £179,000 plus STOCK AT VALUATION (£5,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.