Convenience Store for sale

NEWSAGENT OFF LICENSE SOUTH WEST LONDON REF 24292


£80,000
S.O.A.

Description

Location:
Well-established business for the past 30 years in southwest London.
An opportunity to acquire this excellent shop with the potentials to grow the business.
The Shop is situated on the main road in a parade, near to the bus stop and Train station, in an and residential area, with parking on off-street and regular fixed clients in the area.

Overview:
The shop runs the business as News Agents and General store having a prominent position with lots of passing trade.
It's a well-maintained shop with CCTV cameras and Security system.
The shop size consists of 600 sq.ft as the shop floor area and 430 sq.ft approx for storage.
The shop floor area can be increased by reducing the storage size.
The shop needs full-time management to make maximum business profits.

Business Potential:
There is a potential to apply for oyster, lottery, cash machine and to add the product line by adding vegetables, fruits, coffee machines, Bakery products, paper rounds, parcel services which would increase the shop turn over and business margins.

Turnover: £8,000 (Net)
Cigarettes: £600 PW.
Payzone: £400 PW.

Rent: £13,500 P.A.
Rates: £1500 P.A.

Timings:
Monday to Saturday from 07.00 A.M to 11.00 P.M,
Sunday from 8.00 A.M to 10.00 P.M

Financials and Price:
The business is marketed for £80,000 Plus Stock as per valuation.
It includes the goodwill, fixtures & fitting.

Tenure: Leasehold: 17 years lease remaining and rent review every 5 years under the Land Lord Tenants Act.

Call BTC for further details and appointment for viewing: 020 8889 7474 or email us on commercial@btcint.com

Categories

Convenience Stores
Property reference
CP987241_24292