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Busy Confectionery, Tobacco, News, Convenience, and Post Office Business, Chelsea SW10

City of London, London
Leasehold Price:
£100,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
245600
Reference
BP.0070816 / Rightbiz

Details

WE ARE INSTRUCTED TO SELL AS A  'SOLD AS SEEN ENTITY' | REMAINING STOCK INCLUDED | (WHAT YOU SEE, IS WHAT YOU GET) 

PLENTY OF PROOF FOR WEEKLY TAKINGS CAN BE SUPPLIED, ALONG WITH PROOF OF POST OFFICE INCOME (FORMAL VIEWING INSPECTION REQUIRED) The most recent 12 months accounting information can be made available following a formal inspection, and on proof of funds. 

Baker Payne are pleased to offer For Sale this extremely busy Leasehold confectionery, tobacco, news, convenience, and post office business, situated in a prime London high road location in Chelsea, with plenty of footfall, regular repeat and passing trade, benefiting consisitent annual accounts and financials, having been in our clients' ownership for several profitable years now. 

For Sale due only to pressing family commitments and commute, turnover (2019) currently averages £12,000 per week retail, and £2000 per month from the Post Office counter. 

Held on a 5 yearly renewable lease term subject to an annual rent of £85,000 pa, the business shows a gross profit margin of 40%, and recently benefited a £60,000 refurbishment and make over. 

Circa 1150 SQFT | EPC Rated C | Most recent net annual turnover 2017/18 accounts £430,000 pa | 

PRICED SENSIBLY & ACCORDINGLY for a swift sale.

Richard Payne viewed and valued this business & property, and will be pleased to discuss the opportunity in further detail, or to swiftly arrange a highly recommended viewing. (M) 07864 054440 

 

Seller Details
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Listing Details
Leasehold Price: £100,000
Tenure: Leasehold
Sector: Post Offices, Convenience Stores, Newsagents
Financials
Annual Turnover: £430,000
Location Statistics
What's nearbyi:
City of London Police (approx. 0 mile)
Frost Burgers (approx. 0 mile)
Wrap It Up! (approx. 0 mile)
Steptoe & Johnson (approx. 0 mile)
ABN AMRO Clearing Bank UK Branche (approx. 0 mile)
Scarlet Apt (approx. 0.2 mile)
Boots (approx. 0.2 mile)
St. Botolph's Orthodox Church (approx. 0.5 mile)
Jamie's Bar (approx. 0.5 mile)
giligun (approx. 0.5 mile)
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Disclaimer
The data showed regarding this advert 'Busy Confectionery, Tobacco, News, Convenience, and Post Office Business, Chelsea SW10 - BP.0070816 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.