Caribbean Convenience Store plus Fruit and Veg Shop in Selhurst For Sale

Situated in a parade, main road trading position, densely populated residential and commercial area, SOUTH NORWOOD, LONDON, SE25

Price £60,000

Features

Afro Caribbean / Continental Convenience Store with Fruit and Vegetables (potential To Introduce Off Licence)

MEDIUM SIZED PREMISES, in the region of 475 ft², WITH ELECTRIC SHUTTERS, Laminate flooring, suspended ceiling with tube lighting.

GROUND FLOOR PREMISES in the region of 350 ft² , sales counter, traditional electronic cash register, 2 chest freezers, 2 open fronted chillers, display racking, scales, adjustable shelving, etc.

Lower ground floor with store room, staff cloakroom, toilet and wash hand basin.

BASEMENT PREMISES in the region of 125 ft², shelved, used for storage.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with family assistance as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 7 p.m.
SUNDAY 9 a.m. - 4 p.m.

Tenure

We understand subject to satisfactory references the landlord is prepared to grant a new SECURE RENEWABLE 25 years full repairing and insuring lease with rent reviews every 5 years at a rent of £15,000 p.a. for the first 5 years.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote