Search more Convenience Stores for sale in East London
Reference G8619

Convenience Store in East London For Sale

Convenience Store in East London For Sale
Convenience Store in East London For Sale Buy a Convenience Store in East London For Sale Sell a Convenience Store in East London For Sale

Register to see map and to make an appointment Situated end of parade of 5 shops, excellent main road trading position, residential area, EAST LONDON

Turnover 4,000
Price 50,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

MEDIUM SIZED CORNER SALES SHOP. Tiled floor, counter, electronic cash register, shelving, open cool display unit, ice cream deep freezer, upright glass fronted fridge (on loan from Red Bull) etc.

Stockroom
Staff w.c.

Large Cellar (ideal for storage purposes)

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 250 p.w. Gross profit 20% approx.

Staff

The business is at present operated by a husband & wife team & no staff are employed.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 2 p.m.

Accommodation

The accommodation, which does require some redecoration, has FULL GAS FIRED CENTRAL HEATING & comprises:

2 Double Bedrooms
Bathroom with corner bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen/Dining room

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a current rental of 18,900 p.a. exclusive of rates. (We further understand the rent reviews are every 5 years).

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 50,000 plus STOCK AT VALUATION (9,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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