Convenience Store for sale in Camden Town

Camden Town, North London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, residential area, NORTH LONDON

WE ARE INFORMED the turnover averages £11,000 p.w. We are further advised that the gross profit is in the region of 24%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand with provides a commissiion of approximately £100 p.w. The business also has Paypoint plus ATM & we understand this provides a further commission of approximately £60 p.w. In addition the business also sells international phone cards plus telephone cards which we understand provides a further revenue of approximately £60 p.w. providing an overall averages commission of approximately £220 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a current rental of £14,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

7 a.m. - 11 p.m. seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £89,950
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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