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Reference G8000

Convenience Store in West London For Sale

Register to see map and to make an appointment Situated end of parade, busy road, residential & commercial area, close to underground station, WEST LONDON

Turnover 6,000
Price 75,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

DOUBLE FRONTED SALES SHOP occupying a corner position, tiled floor, fluorescent lighting & fully equipped including 1 chest display deep freezer, ice cream deep freezer, 4 open cool display units, 1 single door glass fronted display fridge (on loan from Coca Cola), modern shelving etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 40/50 p.w. The business is also agents for Hermes Parcel collectiion & delivery & we understand this provides a further commissiion in the region of 200 per month.

Staff

At present operated by the vendor with the assistance of family help when required.

Trading Hours

Sunday - Thursday inclusive - 8 a.m. - 10 p.m.
Friday & Saturday - 8 a.m. - 11 p.m.

Accommodation

The accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 25,200 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafer every 5 years.

Uniform Business Rates: 7,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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