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Reference G8590

Convenience Store, Off Licence and Newsagent in East London For Sale

Register to see map and to make an appointment Situated in a parade, residential area, E LONDON

Turnover 5,000
Price 45,000

Features

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

SINGLE FRONTED SALES SHOP in the region of 920ft (85M) sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, 2 electronic cash registers with EPOS scanning system, 2 ice cream deep freezers (1 owned, 1 on loan), 2 open cool display units, modern shelving.

Large stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. We understand the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratchcards & we understand this provides a commission on average of 140 p.w. The business also has Oyster which we understand provides a further income of approximately 100 p.w. The business has 2 parcel delivery companies which we understand provides a commission on average of 100 p.w. The business has an internal ATM machine which we understand provides a further revenue of approximately 40 p.w.

Staff

At present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 6 p.m.
(We understand the business can remain open until 11 p.m. each day, if desired)

Outside

Parking at rear for 2 cars

Tenure

We understand the premises are held on a new 10 years lease at a rental of only 14,000 p.a. exclusive of rates, fixed for the entire time of the lease.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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