Convenience Store for sale in New Cross

New Cross, South 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, main road trading position, residential & commercial area, SOUTH EAST LONDON

WE ARE INFORMED the turnover averages £10,000/£11,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in excess of 20%.

We understand the premises are held on a secure renewable lease, the present lease expiring in December, 2018 at a rental of £17,000 p.a. exclusive of rates, fixed for the remainder of the term. We understand the landlord will consider a surrender of the existing lease and subject to satisfactory references granting a new 15 years lease at rent and terms to be agreed.

Uniform Business Rates: £1,000 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 8 a.m. - 11 p.m.
Sunday opening - 9 a.m. - 11 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £100,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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