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Reference G8320

Convenience Store in East London For Sale

Register to see map and to make an appointment Situated in a parade of 4 shops, EAST LONDON

Turnover 2,000
Price 32,500

Features

Self Service Convenience Store, Full Free off Licence

DOUBLE FRONTED SALES SHOP in the region of 800 sq. ft. non-slip floor, fluorescent lighting & fully equipped including open cool display unit, ice cream deep freezer, 1 double door glass fronted display fridge (owned & used for wines & beers), 1 double door glass fronted display fridge (on loan from Coca Cola), electric cash register, 1 till with EPOS scanning system etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,000 p.w. in our opinion offering tremendous potential for further development in the right hands. The business also has Oyster & we understand this provides a commission of approximately 150 p.w. We understand that an on line national lottery machine was installed in June, 2015 & the commission from the sale of on line national lottery tickets plus scratch cards is currently in the region of 120 p.w.

Staff

The business is at present operated by a husband & wife team & no staff are employed.

Trading Hours

6 a.m. - 9 p.m. seven days per week
(We understand the business can remain open until 11 p.m. if desired).

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of 16,800 p.a. exclusive of rates. We further understand that the rent reviews are every 3 years.

Uniform Business Rates: Nil payable at present after small business relief.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 32,500 all at inclusive of STOCK
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 16,250 (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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