Convenience Store for sale in Tooting

Tooting, 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, expanding residential area, S LONDON

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering potential to increase in the right hands. We are further advised that the gross profit is in the region of 24%. The business has an external ATM machine which we understand provides the tenant with a rental income of £5,000 p.a.

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 12 years unexpired at a rental of only £8,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

7 a.m. - 11 p.m. seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £49,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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