Convenience Store and Off Licence in Clapton For Sale

Situated residential office & commercial area, E LONDON CLAPTON

Turnover £ 8,000
Price £80,000

Features

Semi-detached Self Service Convenience Store, Full Free off Licence

The business is situated in a residential area with a Bus Stop outside & a nearby school & park.

SINGLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register with EPOS scanning system, 2 glass topped chest display deep freezers, 2 open cool display units, modern shelving, 1 greeting card stand etc.

Basement used for storage purposes

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £8,000 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 20%. The business is agents for the sale of on line national lottery tickets & scratch cards & we understand this provides a commission of approximately £50 p.w. The business also has bus passes which we understand provides a further revenue of approximately £65 p.w. The business also has Paypoint which we understand provides a further revenue of approximately £35 p.w.

Staff

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

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 8.30 p.m.
Sunday opening - 10 a.m. - 7 p.m.

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 10/15 years lease at an initial rental of £21,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote