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Reference G7587

Convenience Store, Newsagent and Off Licence in Penge For Sale


Register to see map and to make an appointment Situated in a Parade, main road trading position, densely populated residential and commercial area, SE LONDON PENGE

Price 10,000

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.

Trading Hours

were 7.30 am - 9 pm seven days per week.

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from 2010 at a current rental of 8,000 p.a. exclusive of rates with rent reviews every 4 years. We are advised the rent is presently under review with an agreement anticipated to be reached of 10,000 pa or less.

*We are advised the Landlord requires a six months (5,000) rent deposit. *

Uniform Business Rates: 350 p.a. approx. after small business relief.

RECOMMENDED FOR EARLY INSPECTION.

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS 10,000 subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

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