OFF LICENSE/NEWS AGENT/KENTISH TOWN LONDON/REF NO: 24928
Overview: A well-established running business for the last 45 years with one-bedroom basement flat accommodation with separate entrance which is rented. Prominent corner pedestrian location near to three schools in the area, having nearby office premises and bus stop, with a lot of footfall and regular fixed client base with goodwill in the area.
Opportunity to increase business by adding Oyster, cash machine, parcel service, Fresh vegetable, fruits, Bakery and new lines of business.
The Premises: Well-maintained shop, the shop is on a corner position no nearby competition floor area of 500 sq.ft plus large storage area in the basement.
Income: Sale from shop £5000 to £6000 P.W.,
Rental income from flat £17000 P.A.
Rent: £15000 P.A.
Rate: £1200 P.A.
Timings: Monday to Saturday from 07.30 A.M to 10.00 P.M.
Sunday 08.00 A.M. to 10.00 P.M.
Financials and Price: The business is marketed for £70,000 it includes the goodwill, fixtures & fitting.
Stock as per actual.
Tenure: Lease remaining for 15 years with rent review every 5 years, renewable lease.
BTC to be retained call us further details and appointment for viewing: 020 8889 7474