Convenience Store for sale in Croydon

Croydon, Surrey


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, densely populated residential area, SURREY

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £200 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £300 p.w. The business also has Oyster & we understand this provides a further commission of approximately £210 p.w. In addition the business has Paypoint which we understand provides an income of approximately £15/£20 p.w. The premises have an ATM machine which we understand provides a further revenue of £200 per month.

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £9,995 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 5 years.

PERSONLLY INSPECTED AND HIGHLY RECOMMENDED

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 7 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £90,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
Supermarkets
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