Convenience Store for sale in North London

Kings Cross Central, 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, excellent main road trading position, densely populated residential and commercial area, LONDON, N

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 25%.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 2 years unexpired at a rental of £13,000 p.a. exclusive of rates for the remainder of the term. (As will be appreciated with the present rental income from the basement of £7,200 p.a. the net rental payable at the present time is only £5,800 p.a. exclusive of rates).

Uniform Business Rates: £4,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Sunday - Wednesday inclusive - 7 a.m. - 3 a.m.
Thursday, Friday & Saturday - 24 hours per day

We understand the Alochol Licence allows the business to be open 24 hours per day seven day per week if desired.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £75,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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