Convenience Store for sale in Kilburn

Kilburn, 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 WEST LONDON

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £120 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £60 p.w. The business is also agents for Western Union which we understand provides a commission of approximately £50/60 per month. We are further advised the sales year ending 30th September, 2012 showed £211,007 with a gross profit of £37,637.

We understand the premises are held on a secure renewable lease for a period of 20 years from January, 2014 at a rental of £7,000 p.a. exclusive of rates up to January, 2019 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £330 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Monday - Thursday inclusive - 6.30 a.m. - 10 p.m.
Friday - 6.30 a.m. - 11 p.m.
Saturday - 7 a.m. - 11 p.m.
Sunday opening - 7 a.m. - 6 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £58,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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