Convenience Store plus Off Licence in East London For Sale

Situated in a parade, densely populated residential & commercial area, EAST LONDON

Turnover £ 3,750
Price £47,500

Features

Self Service Convenience Store, Full Free off Licence

Electric shutters to SINGLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area with laminated strip floor, modern adjustable shelving, 1-2.5m open cool display unit, 1-2m open cool display unit, upright double door glass fronted display fridge (on loan), counter etc.

Stockroom
Kitchen
Staff w.c. & wash hand basin

Basement for storage purposes

Turnover

WE ARE INFORMED the turnover currently averages £3,750 p.w. in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor with the assistance of 1 full time & 1 part time staff. It will be appreciated upon inspectiion that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday, Tuesday, Wednesday - 11 a.m. - Midnight
Thursday - 11 a.m. - 12.30 a.m.
Friday & Saturday - 11 a.m. - 1 a.m.
Sunday - 1 p.m. - 11 p.m.
We understand the premises is licensed 8 a.m. - 12 midnight

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 10 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 23,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote