FinanceYou can borrow
£ 25,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Old Established General Stores (Mainly Asian Foods) for Sale
Situated in a parade, excellent trading position, densely populated residential and commercial area, LONDON, E
Features
In our opinion the business offers tremendous potential to be converted into a Self Service Convenience Store combined with the sale of wines, beers and spirits, subject to obtaining the necessary Off Licence.
DOUBLE FRONTED SALES SHOP approx. 15' ft wide x 25' depth plus rear section approx. 20' wide x 30' depth. The front section has a concrete floor. Rear section wooden floor. The equipment in the front section comprises 3 glass sliding topped chest deep freezes, counter, electronic cash register, electronic scales, centre display gondola, 1 upright double door glass fronted display fridge (on loan from Coca Cola), 1 upright double door glass fronted display fridge (on loan from Lucozade), shelving.
It will be appreciated upon inspection that the front section and rear section (not utilized at present) would benefit from being completely refitted.
Turnover
WE ARE INFORMED the turnover currently averages £3,000 p.w. As stated in our opinion if the business is converted into a Self Service Convenience Store operation with the benefit of the sale of wines, beers and spirits, subject to obtaining the necessary off licence, the business, in our opinion offers tremendous potential for development in the right hands.
Staff
The business is at present operated by the vendor with the assistance of 2 full time staff.
Opening Hours
9 a.m. - 8 p.m. seven day per week
Accommodation
The accommodation comprises 2 SELF CONTAINED FLATS:
Flat No.1 situated on the first floor is at present let on a shorthold tenancy and provides a rental income of £1,100 per month. The Flat with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Large bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen
Flat No. 2 situated on the ground floor is also let on a shorthold tenancy and at present provides a rental income of £600 per month. The ground floor STUDIO FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:
1 Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Outside
Large yard area
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a current rental of £20,000 p.a. exclusive of rates, with rent revisions. (As will be appreciated with the current rental income from the 2 flats of £20,400 p.a. there is a current profit rental of £400 p.a).
Uniform Business Rates: £4,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,999 plus STOCK AT VALUATION (£4,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
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