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Well Established Self Service Convenience Store, Counter News, Full Free Off Licence for Sale

South London, London

Leasehold : 180,000
Turnover : 10,750 p.w.

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

Turnover: 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.

Tenure: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 180,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
 
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454 Advert ID 47050    Sellers Ref : G7385/BSOL

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