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Reference G8703

Convenience Store & Off Licence in Poplar For Sale

Convenience Store & Off Licence in Poplar For Sale
Buy a Convenience Store & Off Licence in Poplar For Sale Sell a Convenience Store & Off Licence in Poplar For Sale

Register to see map and to make an appointment Occupying a corner position, excellent main road trading position, residential, office and commercial area, EAST LONDON POPLAR

Turnover £ 9,000
Price £70,000

Features

off Licence & Convenience Store

PREMISES in the region of 540 ft² WITH ELECTRIC SHUTTERS. Suspended ceiling with concealed LED lighting, tiled floor. Sales counter, EPOS till, 8m open cool display unit, Walls 3 tier freezer, double door freezer, coffee machine, 2m fruit and veg shelf.

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

NO STOCK ROOMS

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a gross profit of 22% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY ZONE £20 per week approx.
OYSTER £30 per week approx.

Staff

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

Trading Hours

7 Day week
MONDAY - FRIDAY INCLUSIVE - 7am - 11pm
SATURDAY & SUNDAY 8am - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 3 years (next review 2023) at a current rent of £25,000 p.a. + VAT

Business Rates from April 2021 £7,400 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS FAMILY COMMITMENTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (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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