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Reference G8288

Convenience Store and Off Licence in East London For Sale

Convenience Store and Off Licence in East London For Sale
Convenience Store and Off Licence in East London For Sale Buy a Convenience Store and Off Licence in East London For Sale Sell a Convenience Store and Off Licence in East London For Sale Convenience Store and Off Licence in East London For Sale for Sale Convenience Store and Off Licence in East London For Sale for Sale

Register to see map and to make an appointment Situated residential office & commercial area, E LONDON

Turnover 9,000
Price 130,000

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 9,000 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 18,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 130,000 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 65,000 (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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