Convenience Store and Off Licence in South London For Sale

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

Turnover £ 6,000
Price £59,500

Features

Convience Store and off Licence with Pay Point & Ups

DOUBLE FRONTED PREMISES, in the region of 700 ft², WITH ELECTRIC SHUTTERS, cctv (6 cameras), Alarm (Verisure), EPOS cash register. 2 x 1.8m fridges, monster soft drinks fridge, wine display shelving, chest freezer, modern adjustable shelving

Stock room.

Staff cloak room with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 22% approx. The business is an agency for UPS earning an average commission of £100 p.m.

Staff

The business is at present operated by the vendor with the assiatance of 1 full time and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7.30 am - 11 pm
SUNDAY 8.30 am - 10 pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to the studio flat.

Kitchen / Diner.
Shower room with shower cubicle, toilet and sink.
Double bedroom.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the Landlord is prepared to grant, to an approved applicant, A NEW SECURE RENEWABLE 12 years lease with rent reviews every 4 years at an initial rent of £16,320 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION
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