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Convenience Store in Hackney Central For Sale

Convenience Store in Hackney Central For Sale
Buy a Convenience Store in Hackney Central For Sale Sell a Convenience Store in Hackney Central For Sale Convenience Store in Hackney Central For Sale for Sale

Register to see map and to make an appointment Situated in a parade, large residential estate, EAST LONDON HACKNEY CENTRAL

Turnover 8,500
Price 119,500

Features

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

** RENT 7,500 P.A.

SPACIOUS SALES SHOP probably in the region of 1,210ft (112.43M) sales area with tiled floor, fluorescent lighting & well equipped including counter, electronic cash register with EPOS scanning system, modern adjustable shelving, 2 glass topped chest display deep freezers, 1-2.5m open cool display unit (used for wines & beers), 1-2m open cool display unit (used for soft drinks), double door glass fronted display fridge (used also for soft drinks), 2 single door glass fronted display fridges (used for milk & dairy produce), slush machine (on rental), coffee machine, greeting card display stand etc.

2 Stockrooms - it will be appreciated upon inspection that the shop could be extended into 1 of the stockrooms at rear, if desired.

Kitchen
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,500/9,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 22%. 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 income also of 80 p.w.

Staff

Th business is at present operated by 2 partners with the assistance of family help at weekends.

Trading Hours

Monday - Friday inclusive - 6.30 a.m. - 6.30 p.m.
Saturday opening - 6.30 a.m. - 7 p.m.
Sunday opening - 8 a.m. - 2.30 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours

Outside

Rear loading access for deliveries

Tenure

WE UNDERSTAND THE PREMISES ARE HELD ON A SECURE RENEWABLE COUNCIL LEASE HAVING 7 YEARS UNEXPIRED FROM FEBRUARY, 2017 AT A RENTAL OF ONLY 7,500 P.A. EXCLUSIVE OF RATES UP TO FEBRUARY, 2020 WITH RENT TO BE AGREED THEREAFTER.

Uniform Business Rates: 1,700 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 119,500 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 59,750 (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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