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Reference C8442

Newsagent and Off Licence in East Ham For Sale

Register to see map and to make an appointment Situated in a parade, adjoining railway station, residential & commercial area EAST LONDON EAST HAM

Turnover 5,000
Price 40,000

Features

Well Fitted Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

SINGLE FRONTED SALES SHOP in the region of 700 sq. ft. newly fitted in 2012, tiled floor, fluorescent lighting. Counter, till with EPOS scanning system, ice cream deep freezer, 5m open cool display unit etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000/5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. Gross profit 20% approx. In addition the business also sells on line national lottery scratch cards.

Staff

Staff employed. 1 full time plus 1 part time staff.

Trading Hours

7 a.m. - 9 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of 5,200 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: Nill after business relief.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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