Fruit & Veg Shop plus Retail Bakery in East London For Sale

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

Turnover £ 10,000
Price £150,000

Features

Fruit & Veg Shop Plus Bakery

FORECOURT

PREMISES in the region of 935 ft² WITH ELECTRIC SHUTTERS & CANOPY, wood strip floor, suspended ceiling with LED lights, sales counter, EPOS till, hot display serveover counter for Bakery with EPOS Till, modern adjustable shelving, 2 x display fridge (glass fronted upright double-door), 2 x Deep freezers (glass topped), CCTV system (16 cameras, 1 monitor).

Stock room.

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

Office

Basement in the region of 325 ft², used for storage purposes..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 35% approx.

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 8pm

Outside

Rear yard, shared Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £30,000 p.a.

Business Rates from April 2025 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote