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Reference G7904

Convenience Store and Butchers in Poplar For Sale


Register to see map and to make an appointment Situated in a parade, residential estate, EAST LONDON POPLAR

Turnover 4,000
Price 39,000

Features

Well Fitted Self Service Convenience Store & Butchery

IMPRESSIVE DOUBLE FRONTED SALES SHOP in the region of 900 sq. ft. including some storage area. Tiled floor, fluorescent lighting & well equipped including 1 till with EPOS scanning system, 4 chest deep freezers, 1-2.5m open cool display unit, cool display serveover counter, 2 electronic scales, modern adjustable shelving, walk-in deep freezer, walk-in coldroom etc.

Kitchen
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently in the region of 4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 25%.

Staff

The business is at present staff operated. 2 full time plus 2 part time staff employed.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 8 p.m.
Saturday & Sunday opening - 10 a.m. - 8 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a current rental of 14,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 39,000 plus STOCK AT VALUATION (14,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 19,500 (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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