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Off Licence - South London

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  #1  
Old 17-10-2009, 07:32 PM
NBS NBS is offline
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Default Off Licence - South London
Well fitted SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE.



Viewing is only via appointment please contact Nationwide Businesses on 020 8763 1777.
Location

Situated in a parade, excellent main road trading position, densely populated residential area, SW (Please register to make appointments and view addresses)

Features

Electric shutters to attractive DOUBLE FRONTED SALES SHOP, in the region of 350 sq. ft. sales area, with tiled floor, suspended ceiling, concealed lighting. Well fitted including modern adjustable shelving, centre display gondola, 1 large glass sliding-topped chest deep freeze, counter, till with scanning system, 2 2.5m open cool display units, 3-tier ice cream deep freeze, CCTV system with 5 cameras plus 1 monitor, etc.

Stairs to large BASEMENT, used for storage purposes.
Staff CLOAKROOM. Staff w.c.

Turnover

WE ARE INFORMED the turnover averages ?10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill ?600 p.w. Gross profit 24% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Opening Hours

Monday/Sa****ay incl. 6 a.m. - 11 p.m.
Sunday opening 7 a.m. - 10.30 p.m.

Tenure

WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 9 years unexpired, at a rental of ?13,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.

Uniform business rates ?670 p.a. approx. plus water rates.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.

MUST BE SEEN TO BE FULLY APPRECIATED.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, ?97,500 PLUS STOCK AT VALUATION (?20,000/?25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Reference G5562
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  #2  
Old 28-11-2011, 08:42 AM
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What's with the question marks????
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  #3  
Old 18-01-2012, 10:01 AM
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whts the reason for selling this ?
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  #4  
Old 18-01-2012, 08:29 PM
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Quote:
WE ARE INFORMED the turnover averages ?10,000 p.w
wow good turnover for a small shop .. sounds like a good business why is it being sold ?
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Old 19-01-2012, 08:07 PM
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Originally Posted by Big Pete View Post
wow good turnover for a small shop .. sounds like a good business why is it being sold ?
Hardly good - amongst a range of other businesses
I owned off licenses - good is 20k - 25k per week. The margins on booze are only say 12-15 11-13 after vat. Wine more, but beer spirits cigs less

Convenience higher but only a small part of turnover typically

Out of that come typically 120 hours at min wage - under management afnd overheads 30 k so even then it is not great. Anything less is a hernia
Supermarkets loss lead booze deals
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Old 19-01-2012, 09:11 PM
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well you live and learn 10k a week sounded pretty good for a tiny shop ..
never done shops the idea of it has never appealed ..
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Old 19-01-2012, 09:15 PM
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What was your first business Pete? (PM if prefer)
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Old 19-01-2012, 09:20 PM
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What was your first business Pete? (PM if prefer)
very very first was what seemd a brainwave at the time , but never was
at 17 i was motorbike mad , and loved anything Suzuki badged etc. so i figured watches with the Suzuki logo on and Lighters all done with the logo etc, nutters like me would buy them . or so the theory went .

so got them done advertised them in exchange and mart and motorcycle papers , and guess what ? sold hardly any so stupid idea but hey you live and learn ,

Maybe if i had done a video first .. doh if only
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  #9  
Old 19-01-2012, 09:25 PM
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Lol.... thanks for sharing mate. That sounds pretty ambitious on the advertising front. We all live and learn.
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Old 19-01-2012, 09:30 PM
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Lol.... thanks for sharing mate. That sounds pretty ambitious on the advertising front. We all live and learn.
Oh for sure , as long as you win more than you lose your fine right . All part of the learning curve ..

actually when i moved i came across a handful of the lighters that i had kept unused in the boxes . and they lit first click.. so the product was ok .. just the stupid idea didn`t
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