Supermarket for sale in North London

North 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, with 2 Universities nearby, LONDON

WE ARE INFORMED the averages £13,000 p.w. in our opinion offering further potential to increase in the right hands. The business is situated in an expanding area with flats being built nearby. Wholesale newsbill £400 p.w. We are further advised that the sales year ending 31st October, 2014 showed £581,419 with a gross profit of £106,592 (including commission from on line national lottery sales & scratch cards, Oyster, Paypoint & an ATM machine).

The vendor owns the long leasehold property and is prepared to grant, subject to satisfactory references, a new 16 years renewable full repairing and insuring Under-Lease at a rental of £25,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £9,195 p.a.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 34 YEARS AND THERE ARE GENUINE REASONS FOR SALE

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 NEW UNDER-LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £165,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Supermarkets
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