Search more Convenience Stores for sale in East London
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Convenience Store in East London For Sale

Convenience Store in East London For Sale
Convenience Store in East London For Sale Buy a Convenience Store in East London For Sale Sell a Convenience Store in East London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position (with 3 major bus stops in front of the parade), residential & commercial area EAST LONDON

Turnover 8,000
Price 79,950

Features

Profitable Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

** OYSTER COMMISSION 700 P.W. **

Forecourt area let for the sale of fruit & greens & we understand providing a rental income of 200 p.w. The vendor also receives a rental of 60 p.w. from the mobile unit.

SPACIOUS SALES SHOP, fluorescent lighting. Well fitted including 4 glass topped chest display deep freezers, 3 open cool display units, counter, 2 tills with scanning system, modern shelving, centre display gondola etc.

2 Stockrooms with racking
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 8,000/8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 500 p.w. In additon the business has OYSTER WHICH WE UNDERSTAND PRODUCES A COMMISSION OF APPROXIMATELY 700 P.W. PLEASE NOTE THIS BUSINESS IS CURRENTLY OPERATED UNDER A FRANCHISE AGREEMENT, WE UNDERSTAND THIS ARRANGEMENT IS OPTIONAL & FULL DETAILS ARE AVAILABLE UPON REQUEST.

Staff

At present operated by the vendor with the assistance of 4 staff.

Trading Hours

7 a.m. - 10 p.m. seven days per week

Outside

Car parking space at rear for 1 car

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of 24,000 p.a. exclusive of rates up to March, 2019 with rent review at that time and thereafter every 5 years. (As will be appreciated with the rental income from the letting of the forecourt currently in the sum of 13,000 p.a. the net rental payable at the present time is 11,000 p.a. exclusive of rates).

Uniform Business Rates: 13,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 79,950 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,975 (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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