Post Office & Coffee Shop in North London For Sale

Excellent trading position, residential & commercial area NORTH LONDON

Turnover £ 700
Post Office £ 135,000
Price £120,000

Features

Spacious Stationery Plus Takeaway with Main Post office

SPACIOUS SALES SHOP in the region of 380 sq. metres. The TAKEAWAY has a quality tiled floor. Cool display counter, upright glass fronted fridge.

STATIONERY SECTION with retail counter plus post office combination counter, electric cash register. In addition there is a LARGE POST OFFICE SECTION with 2 fortress positions & 4 open positions.

LEVEL KITCHEN with non-slip floor. The equipment includes 1 microwave, 1 electric oven, 1 upright stainless steel fridge, 2 deep freezers, double sink & drainer, dish washer, cooker, chip fryer, grill, etc.

Customers' cloakroom with w.c. & wash hand basin

In addition there is a large storeroom plus staff w.c.

A small area of the shop approximately 1m x 2m is let to a person selling mobile phones & we understand provides a income of £12,000 p.a.

Turnover

WE ARE INFORMED the turnover averages £700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Post Office income £135,000 p.a. approx. We understand the Restaurant is currently let and provides a rent of £24,000 p.a.

Staff

At present mainly staff run. Staff employed 4 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is scope to open on Sunday, if desired.

Tenure

We understand the premises are held on a secure renewable lease having 10 years unexpired from September, 2019 at a rental of £84,000 p.a. exclusive of rates up to September, 2024 with rent to be agreed thereafter. (As will be appreciated with the current rent from the mobile section of £12,000 p.a. and £18,000 p.a. from the Takeaway, the net rent payable at the present time is £54,000 p.a).

We understand the landlord requires a 6 month rent deposit.

Uniform Business Rates: £16,050 p.a. approx. after 50% small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£2,000/£2,500 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote