Convenience Store for sale in North London

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 positiion, sought after residential & tourist area, NW LONDON

WE ARE INFORMED the turnover in respect of the self service convenience store with fruit & greens is in the region of £13,000 p.w. in our opinion offering further potetial for further development, especially with the introduction of newspapers & the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. We are further advised by the vendor that the gross profit is in the region of 30%. In addition the business sells International phone cards & we understand has a turnover of £1,000 p.w. The business also sells mobile phone vouchers which we understand provides a further turnover of £1,000 p.w.

We understand the premises are held on a secure renewable lease, the present lease expiringing in 2023 at a current rental of £35,000 p.a. plus VAT excusive of rates for the next 2 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £13,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1994 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

6 a.m. - 12 midnight seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £220,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Fruit & Veg shops
General Stores
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