Convenience Store and Chinese Takeaway in Islington For Sale

Situated in a parade, densely populated residential & commercial area NORTH LONDON ISLINGTON

Turnover £ 4,500
Price £99,500

Features

Supermarket oriental with off Licence & Chinese Takeaway

DOUBLE FRONTED PREMISES in the region of 900 ft² WITH ELECTRIC SHUTTERS AND CANOPY, tiled floor, suspended ceiling with LED lighting, sales counter, EPOS till, scales, modern adjustable shelving, 3 x drinks display fridge (glass fronted upright double-door), 3 (2.5 Meter) deep freeze, fridge, CCTV system (5 cameras, 1 monitor)

Walkin coldroom
Freezer Room

CHINESE TAKEAWAY SECTION, stainless steel extractor unit, Electric Cooker, Deep fryer, 2 x stainless steel counter top fridges, 3 microwaves, juicer, bubble tea shaker, double sink and drainer, ice machine, additional fridge & freezer, Rice cooker.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 35% approx. In addition the newly opened takeaway averages £500 p.w.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 9.30am - 9.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2010 with reviews every 5 years (next review 2025) at a current rent of £28,000 p.a.

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote