Convenience Store With Off Licence For Sale - South London, London, United Kingdom Advert Ref: G5258
Add this business to my shortlist >> 
Business description
At present selling English, Turkish, Greek & Polish Foods. No cigarettes are sold at present.
Forecourt with canopy ideal for display purposes
SPACIOUS DOUBLE FRONTED SALES SHOP plus side window. New shop front. Approx. 1,100 sq. ft. sales area with ceramic tiled floor, new suspended ceiling, fluorescent lighting. Well equipped including counter, 2 electronic cash registers, electronic scales, modern adjustable shelving, centre display gondolas, 2 large glass topped chest display deep freezes, 1 open cool display unit (for soft drinks), 2 approx. 2.75m open cool display units, display counter, 1 curved cool display counter (for butchery), ban saw, mincer, butchers block, walk-in coldroom, chest deep freeze etc.
Staff cloakroom with w.c. and wash hand basin Employees: The business is at present operated by the vendor with the assistance of 2 full time and 1 part time staff.
Trading hours: 8 a.m. - 9 p.m. seven days per week
Property
Leasehold Lease terms
We understand the premises are held on a secure renewable lease, the present lease having approximately 23 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years. Uniform Business Rates: £6,000 p.a. approx. + water rates PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED Location
Excellent main road trading position, densely populated residential and commercial area, LONDON, SE Expansion potential
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35/40% approx. (Included in the turnover is approx. £800 p.w. in respect of butchery). Reasons for selling
To Include The Secure Lease, Goodwill, Fixtures & Fittings £59,500 Plus Stock At Valuation (£20,000 Approx). Substantial Loan To An Approved Applicant Financing available?
Substantial Loan To An Approved Applicant.
Forecourt with canopy ideal for display purposes
SPACIOUS DOUBLE FRONTED SALES SHOP plus side window. New shop front. Approx. 1,100 sq. ft. sales area with ceramic tiled floor, new suspended ceiling, fluorescent lighting. Well equipped including counter, 2 electronic cash registers, electronic scales, modern adjustable shelving, centre display gondolas, 2 large glass topped chest display deep freezes, 1 open cool display unit (for soft drinks), 2 approx. 2.75m open cool display units, display counter, 1 curved cool display counter (for butchery), ban saw, mincer, butchers block, walk-in coldroom, chest deep freeze etc.
Staff cloakroom with w.c. and wash hand basin
Trading hours: 8 a.m. - 9 p.m. seven days per week
Leasehold
We understand the premises are held on a secure renewable lease, the present lease having approximately 23 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years. Uniform Business Rates: £6,000 p.a. approx. + water rates PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED
Excellent main road trading position, densely populated residential and commercial area, LONDON, SE
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35/40% approx. (Included in the turnover is approx. £800 p.w. in respect of butchery).
To Include The Secure Lease, Goodwill, Fixtures & Fittings £59,500 Plus Stock At Valuation (£20,000 Approx). Substantial Loan To An Approved Applicant
Substantial Loan To An Approved Applicant.
Financial Details
Asking price:
£59,500
Sales revenue:
£260,000
£59,500
£260,000