Convenient Store For sale in London Leasehold

Undisclosed, London

Status

FOR SALE

Date Submitted:

11/03/19

Advert ID

239396

Reference

1018 / Rightbiz
Leasehold: £185,000

Features

Profitable Self Service Convenience Store, Full Free off Licence

SPACIOUS SALES SHOP including storage facilities in the region of 1,000 sq. ft. Non-slip floor, suspended ceiling with concealed lighting. The equipment includes glass topped chest display deep freezers, 2-2.5m cool display units, modern shelving, display gondolas, tills with scanning system. CCTV system etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £12,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 25%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards.

Staff

At present operated by the vendor on a part time basis with the assistance of  full time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

6:30 AM TILL 10:00 PM MON- SAT/ SUN 7:00 AM TILL 10:00 PM

Tenure

We understand the premises are held on a secure renewable lease at a rental of £18,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.



THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST MANY YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION (£40,000 approx)

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Contact Agent
Advert Reference:
1018 / Rightbiz
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