Convenience Store for sale in South London

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, busy road, residential area, SE LONDON

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 18% approx. In addition the business is agents for on line national lottery tickets plus scratch cards, paypoint & Western Union providing a commission of between £25,000/£27,000 p.a. We are further advised that the sales year ending 31st March, 2014 showed sales of £494,058 including receiveable of £29,386 with a gross profit of £120,638 & a net profit of £60,581 (after wages & salaries of £32,571).

We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in December, 2017 at a rental of £11,500 p.a. exclusive of rates, fixed for the remainder of the term. In addition we understand there is an option to renew the lease for a further 7 years at rent to be agreed.

Uniform Business Rates: Nil at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The SPACIOUS living accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Lounge
Large fitted kitchen/dining room
Double Bedroom with en suite shower room with shower, wash hand basin plus separate w.c.
In addition there is a bathroom with bath, wash hand basin, separate w.c.

Second Floor
3 Additional Double Bedrooms

The business is at present operated by a husband & wife team with the assistance of 4 part time staff plus family help when required.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £130,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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