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Reference C8925

Off Licence in South London For Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area SW LONDON

Turnover 7,000
Price 59,500

Features

Full Free off Licence Plus Confectionery, Tobacco, Convenience Groceries

SINGLE FRONTED SALES SHOP in the region of 350 sq. ft. sales area with non-slip floor, suspended ceiling with fluorescent lighting, modern adjustable shelving, ice cream deep freezer (owned), 1-1m open cool display unit, 1-3.75m open cool display unit, 1 double door glass fronted display deep freezer, 1 new 3-door glass fronted counter fridge etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000/8,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 22%. The business has an ATM machine which we understand provides a revenue of approximately 100 per month. The business also has a parcel delivery & collection agency providing a further revenue of approximately 50 p.w. The business also has Payzone.

Staff

At present operated by the vendor with the assistance of 2 full time staff

Trading Hours

Sunday - Thursday inclusive - 9 a.m. - 11 p.m.
Friday & Saturday - 9 a.m. - 2 a.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2021 at a rental of 10,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 59,500 plus STOCK AT VALUATION (15,000/20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,750 (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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