Convenience Store for sale in West Norwood

West Norwood, 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, close to railway station, SE LONDON

WE ARE INFORMED the turnover currently averages £8,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £70 p.w. We are further advised that the gross profit is in the region of 20%. The business also has Paypoint & we understand this provides a commission of approximately £30 p.w. At the present time part of the shop is sub-let for the sale of mobile phones & we understand this provides a rental of £500 per month.

We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Open 7 days a week - 8 a.m. - 11 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £69,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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