Convenience Store in East London For Sale

Situated in a parade, busy road, residential & commercial area EAST LONDON

Turnover £ 13,000
Price £125,000

Features

Self Service Convenience Store, Full Free off Licence

Electric shutters to SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with woodstrip floor, suspended ceiling with LED lighting. The Equipment includes electric cash register, counter, 1-3.75m cool display unit (used for dairy produce & juice), approximately 6m open cool display unit (used for beers & soft drinks), upright glass fronted wine fridge, 3-tier ice cream deep freezer (owned), glass topped chest deep freezer (used for ice), 2 display gondolas etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages £13,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 25%.

Staff

At present operated by the vendor with the assistance of a relative plus 3 part time staff employed.

Trading Hours

Sunday - Thursday inclusive - 8 a.m. - 10 p.m.
Friday & Saturday - 8 a.m. - 2 a.m.

Accommodation

To the rear of the shop with rear access is a STUDIO FLAT, comprising:

Living room/bedroom
Bathroom with bath, w.c. & wash hand basin

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £24,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

Uniform Business Rates: £6,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote