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.
||TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT