Convenience Store with Off Licence in East London For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, EAST LONDON

Turnover £ 5,000
Price £95,000

Features

Newly Fitted Convenience Store & Off Licence

FORECOURT TO THE FRONT

SINGLE FRONTED PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS WITH SLIDING DOOR, laminated strip floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, Large open cool display unit, open cool display unit, Glass topped freezer, haagen dazs ice cream freezer, modern adjustable shelving, CCTV system (10 cameras, 1 monitor).

Kitchen with Oven.

Stock room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000+ p.w. with a Gross profit of 25% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £10 per week approx.
HERMES PARCEL £15 per week approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURSDAY 7am - 12 Midnight
FRIDAY & SATURDAY 7am - 1am
SUNDAY 8am - 12 Midnight

Outside

Service road to the rear and side with parking.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £10,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote