Caribbean Convenience Store plus Fruit and Veg Shop in South London For Sale

Situated in a parade, main road trading position, densely populated residential and commercial area, SE LONDON

Turnover £ 1,600
Price £30,000

Features

Afro Caribbean / Continental Convenience Store with Fruit and Vegetables (potential To Introduce Off Licence)

DOUBLE FRONTED PREMISES, in the region of 475 ft², WITH ELECTRIC SHUTTERS, Laminate flooring, suspended ceiling with tube lighting.

GROUND FLOOR PREMISES in the region of 350 ft² , sales counter, traditional electronic cash register, 2 chest freezers, 2 open fronted chillers, display racking, scales, adjustable shelving, etc.

Lower ground floor with store room, staff cloakroom, toilet and wash hand basin.

BASEMENT PREMISES in the region of 125 ft², shelved, used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,600 p.w. with a Gross profit of 50% approx. There is tremendous potential to introduce the sales od beers, wines and spirits subject to local authority consent.

Staff

The business is at present operated by the vendor with family assistance as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 7 p.m.
SUNDAY 9 a.m. - 4 p.m.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £15,000 p.a. for the first 5 years. The vendor is happy to grant a longer or shorter lease if required.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote