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Reference G8793

Organic Grocery Shop in East London For Sale

Organic Grocery Shop in East London For Sale
Organic Grocery Shop in East London For Sale Buy a Organic Grocery Shop in East London For Sale Sell a Organic Grocery Shop in East London For Sale Organic Grocery Shop in East London For Sale for Sale Organic Grocery Shop in East London For Sale for Sale Organic Grocery Shop in East London For Sale for Sale Organic Grocery Shop in East London For Sale for Sale Organic Grocery Shop in East London For Sale for Sale Organic Grocery Shop in East London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, close to station & gym, EAST LONDON

Turnover 5,000
Price 49,500

Features

organic Grocery Shop (has Alcohol Licence, Not Utilised At Present)

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS 275 sq ft. Wooden floor, spotlights. Sales counter, EPSO till, 2.5m open chiller, upright freezer, adjustable shelving, gondola. CCTV (4 cameras)

Basement - 200 sq ft. used for storage.

Toilet with sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages 5,000 p.w. with a gross profit of 38% approx. In our opinion the business has potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary personal & premises licence.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 11pm

Outside

Yard to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 7 years (next review 2028) at a current rent of 15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 49,500 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 24,750 (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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