Off Licence + Slight Groceries in East London For Sale

Situated in a small parade, busy road, residential area, EAST LONDON.

Turnover £ 7,000
Price £60,000

Features

off Licence Plus Slight Groceries

DOUBLE FRONTED PREMISES 353.1ft² (32.8M²) WITH SHUTTERS, suspended ceiling with fluorescent lighting, vinyl floor. Sales counter, EPOS cash register, 3.50 metre open cool display unit, modern adjustable shelving, 5 glass fronted upright double door drinks display fridges, ice cream freezer, deep freeze frozen food.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 30% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of approx. £20 per week commission from PAY ZONE &
approx. £250 per week commission from OYSTER

Staff

The business is at present operated by a husband & wife team

Trading Hours

7 Day week
7 a.m. - 11 p.m.

Outside

Ally Way for bins etc.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, the present lease expiring in 2039, with reviews every 5 years (next review 2026) at a current rent of £10,800 p.a.

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

THE BUSINESS IS OFFERED FOR SALE DUE TO THE VENDOR'S ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£18,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote