Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free Off Licence For Sale | | Undisclosed London | | Situated in a parade, main road trading position, residential area, LONDON, SE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71860
ADVERT IMPRESSIONS : 9,669 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £330000 | LEASEHOLD: | £40000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : The business has been in the same hands since 1977 and there are genuine reasons for sale.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP refitted approximately 4/5 years ago. Tiled floor, suspended ceiling with concealed lighting. Counter, electronic cash register, glass topped ice cream deep freeze, upright double door glass fronted drinks display fridge (owned), open cool display unit (owned), modern shelving, 2 revolving card display stands (on loan) etc.
Stockroom/office
Location : Situated in a parade, main road trading position, residential area, LONDON, SE
Opening Hours : Monday - Saturday - 6.45 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 7 p.m.
Turnover : WE ARE INFORMED the turnover averages £4,300 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £300 p.w. The business is agents for Oyster and we understand this provides a commission of approximately £70 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £35 p.w. In addition the business is agents for Western Union and we understand this provides a further revenue of approximately £300 per month.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates last year £1,517
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1977 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £330,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
Ground Floor
Kitchen
Conservatory
Bathroom with bath, wash hand basin
Separate cloakroom
First Floor
Lounge
1 Double Bedroom with fitted wardrobe
Second Floor
2 Additional Double Bedrooms
Outside : Rear yard.
Storeshed plus parking space
Staff : The business is at present operated by the vendor and no staff are employed. | | | | | | FOR SALE | | | | | REFERENCE: | C7826 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
