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 excellent main road trading position, LONDON, SW

WE ARE INFORMED the turnover averages £8,800 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £100 p.w. In addition the business has Oyster & we understand that this provides a commission of approximately £500/£550 p.w.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years renewable full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £7,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

6.30 a.m. - 9 p.m. seven days per week

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £87,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £87,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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