Convenience Store for sale in South London

South London


  • fa698e8387a1aae5835b579f4a434873.jpg
  • 861a637bf1be7e57decce58aa61ec554.jpg
  • be8aa563577dc2f0ebbdacbc5953d5cd.jpg
This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, large residential & office area, SE LONDON

WE ARE INFORMED the turnover averages £10,750 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £200 p.w. We are further advised that the gross profit is in the region of 25%. The business also sells scratch cards & we understand that an on line national lottery terminal is shortly to be installed. Additional commission is received from the sale of scratch cards providing commission of approximately £90 per month. Oyster providing a further commission of approximately £200 per month. Western Union providing a commission of approximately £130 per month. Paypoint including parcels providing a further revenue of approximately £350 per month plus an ATM machine providing a further commission of approximately £35/40 per month. As will be appreciated total commissions received are currently in excess of £9,500 p.a.

We understand the premises are held on a secure renewable council lease having approximately 5 years unexpired at a rental of £12,500 p.a. exclusive of rates, due for rent review at the present time. We are advised at the present time no increase has been requested.

Uniform Business Rates: £4,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Friday inclusive - 7 a.m. - 10 p.m.
Saturday & Sunday opening - 8.30 a.m. - 10 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

Send message - Convenience Store for sale in South London Send message to Nationwide Businesses Ltd
Your message has been sent successfully!
Please complete all required fields!
We are sorry but something went wrong, please try again later.
:
:
:
:
:


business information

Sale price: £180,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
share with friends


Call