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Reference G7587

Convenience Store, Newsagent and Off Licence for sale in Penge


Location

Situated in a Parade, main road trading position, densely populated residential and commercial area, SE LONDON

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence, Plus Online National Lottery The Business Has Recently Been Closed, However In Our Opinion offers Terrific Potential For Development In The Right Hands

Electric shutters to single fronted medium sized Sales Shop with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, electronic cash register, modern adjustable shelving, CCTV system including 4 cameras, 1 monitor, and recording, 2.5m open cool display unit, upright double door drinks display fridge, upright single door drinks display fridge, etc.

Stock room.
Staff cloakroom with w.c. and wash hand basin
Kitchen with sink.

Turnover

WE ARE INFORMED turnover when trading averaged in the region of 2,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 24% approx.. Wholesale newsbill 200 p.w. In addition, the business is agents for the sale of online National Lottery tickets and scratchcards and we understand that this provides a commission of approx. 50 p.w. The business also has Pay Zone and we understand that this provides a further revenue of approx. 20 p.w.

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS 15,000 subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

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