Convenience Store and Off Licence in Ilford for sale
Situated in a parade, excellent busy main road trading position, densely populated residential and commerical area, ESSEX
Turnover £ 8,500
Well Fitted Full Free off Licence Plus Self Service Convenience Store, National Lottery
SPACIOUS SINGLE FRONTED SALES SHOP approx. 500 sq. ft. sales area with suspended ceiling, air conditioning. Attractive wooden shelving, 2 single door drinks display fridge, 4 meter open cool display unit, counter, electronic cash register, ice cream deep freeze (owned), photocopier (on loan) etc.
Large basement used for storage purposes
Staff toilet and wash hand basin
WE ARE INFORMED the turnover is £8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. The business enjoys an excellent sale of wines, beers and spirits. Gross profit 22% approx. There is also a cash machine on the premises, recently installed, which should provide additional commission. In addition the business has an Oyster machine and we understand this provides a commission of approx. £50 p.w. The business also has Paypoint and we are advised that the commission from these is approx. £100 p.w.
The business is at present operated by a husband and wife team with the assistance of 2 full time staff.
9 a.m. - 11.30 p.m. seven days per week
We are advised by the vendor alcohol can be sold from 7 a.m. - 2 a.m.
Parking at rear for approx. 4 cars.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £16,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £1,000 p.a. approx. (after small business relief) + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £68,000 plus STOCK AT VALUATION (£30,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 34,000 (lease)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote