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Reference G8301

Convenience Store & Post Office in East London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, sought after residential & commercial area, EAST LONDON

Turnover £ 15,000
Post Office £ 150,000
Price £375,000

Features

Superbly Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence with Main Post office

IMPRESSIVE SALES SHOP in the region of 2,529.5ft² approx sales area with ceramic tiled floor, suspended ceiling with concealed lighting & superbly fitted including counter, 2 tills with EPOS, 5-3.75m open cool display units, 5-door glass fronted upright display deep freezer, modern adjustable shelving, display gondolas. Post Office counter (5 positions including secure area).

Stockroom 462.9ft² approx.
Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages £15,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. We are advised that the gross profit is in the region of 20% approx. We understand the Post Office income is in the region of £150,000 p.a. (including commission received in respect of the sale of on line national lottery tickets plus scratch cards).

Staff

The business is at present operated by 2 partners with the assistance in the retail section of 1 full time plus 1 part time staff & in the post office section 2 full time plus 1 part time staff.

Trading Hours

Retail Section - 7 a.m. - 9.30 p.m. seven days per week
Post Office section
Monday - Friday inclusive - 8 a.m. - 5.30 p.m.
Saturday opening - 9 a.m. - 3 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 3 years unexpired at a current rental of £34,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: £11,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION (£40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 187,500 (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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