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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 Convenience Store in East London For Sale for Sale Convenience Store in East London For Sale for Sale Convenience Store in East London For Sale for Sale Convenience Store in East London For Sale for Sale Convenience Store in East London For Sale for Sale Convenience Store in East London For Sale for Sale

Register to see map and to make an appointment Situated in a parade of shops, busy road, EAST LONDON

Turnover 13,500
Price 120,000

Features

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

SPACIOUS DOUBLE FRONTED SALES SHOP with tiled floor, fluorescent lighting & well equipped including counter, 1 till with scanning system, 1-2.75m open cool display unit (used for soft drinks), 1-2.75m open cool display unit (used for dairy produce & milk), 1-3.75m open cool display unit (used for wines & beers), modern adjustable shelving, 1 upright double door glass fronted display deep freezer, 1 single door glass fronted ice cream deep freezer, 1-2.5m open cool display unit (used for cider display), Pick 'n' Mix stand etc.

Large Stockroom
Staff w.c. & wash hand basin
Kitchen

Turnover

WE ARE INFORMED the turnover averages 13,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 700 p.w. We are advised that the gross profit is in the region of 25%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 80 p.w. The business also has Oyster which we understand provides a further commission of 250 p.w. The business also has Paypoint.

Staff

At present operated by 1 of the owners relatives on a full time basis with the assistance of 2 full time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

6 a.m. - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease from a Property Company having 9 years unexpired from Septeber, 2018 at a rental of 16,000 p.a. exclusive of rates up to September, 2023 with rent to be agreed thereafter.

Uniform Business Rates: 4,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION (50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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