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Situated in a parade, densely populated residential area, LONDON, E (Please register to make appointments and view addresses)

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 900 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting. The equipment includes 8 chest deep freezes, 1 electronic cash register, 1 electronic scales, counter, modern adjustable shelving, walk-in coldroom etc.

Staff cloakroom with w.c. and wash hand basin

Large Cellar

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand the split of turnover is approximately £3,000 p.w. in respect of groceries with the balance of £2,000 p.w. in respect of butchery). Gross profit 23% approx. In addition there is a Payzone providing a commission of approx. £40 p.w.

The business is at present staff operated. 3 full time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

9 a.m. - 9 p.m. seven days per week

We understand the premises are held on a secure renewable lease having approximately 4 years unexpired at a rental of £14,560 p.a. with rent to be agreed thereafter.

Uniform Business Rates: £4,100 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT