Convenience Store with Post Office Local in West London For Sale

Situated in a parade, busy road, residential area, WEST LONDON

Turnover £ 15,500
Post Office £ 30,000
Price £250,000

Features

Profitable Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus Post office Local

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, 2 tills with EPOS scanning system, modern shelving, 2 large glass slding topped chest display deep freezers, 1-3.75m open cool display unit (used for dairy produce, soft drinks, milk etc), 1-1.5m open cool display unit (used for wines & beers), 3-door glass fronted soft drinks display fridge (on loan from Coca Cola), upright glass fronted display fridge, Háágen Dazs ice cream deep freezer, additional glass topped ice cream deep freezer. Post Office counter (1 position) etc.

Rear stockroom with chest deep freezer, double door glass fronted fridge
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages £15,500 p.w. in our opinion offering further potential to increase in the right hands. In addition the business has Oyster & we understand this provides a commission of approximately £100 p.w. Post office income £30,000 p.a. The business also has Paypoint & we are advised this provides a further commission of approximately £100 p.w.

Staff

At present operated by the vendor on a part time basis with the assistance of 2 full time staff plus 1 full time & 1 part time post office staff. Wages paid £1,000 p.w.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 11 p.m.
Sunday opening -11 a.m. - 9 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2026 at a rental of £24,000 p.a. exclusive of rates with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,500 p.a. approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote