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Convenience Store, General Store and Post Office in East London For Sale

Convenience Store, General Store and Post Office in East London For Sale
Convenience Store, General Store and Post Office in East London For Sale Buy a Convenience Store, General Store and Post Office in East London For Sale Sell a Convenience Store, General Store and Post Office in East London For Sale

Register to see map and to make an appointment Situated in a parade, residential area, EAST LONDON

Turnover 8,750
Post Office 55,000
Price 165,000

Features

Retirement Sale - Superbly Fitted Modern Self Service Convenience Store, Counter News, Confectionery, Tobacco with Main Post office

NO PARKING RESTRICTIONS

SPACIOUS SALES SHOP probably in the region of 1,500/1,600 sq. ft. sales area. Refitted in September, 2015. Quality tiled floor, suspended ceiling with concealed lighting. The equipment includes counter with 2 tills & EPOS scanning system plus post office combination counter, 2 upright double door glass fronted display deep freezers, 1 Arneg 3.75m open cool display unit plus 1 Arneg 2.75m open cool display unit, modern adjustable shelving, display gondolas, 2 greeting card display stands with drawers under. Newly installed CCTV system. Post Office counter with anti-bandit screen (2 positions plus parcel hatch) etc.

Stockroom
Kitchenette
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,750 p.w. in our opinion offering tremendous potential for further increase especially with additional opening hours & the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the Premises & Personal Licence. Wholesale newsbill 550 p.w. In addition the business has Oyster which we understand provides a commission of approximately 200 p.w. The premises also has an external ATM machine. Post Office income in the region of 55,000 p.a.

Staff

At present operated by the vendor on a part time basis. Staff employed in the main post office 1 full time plus 1 part time staff. Shop area 2 full time plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 1 p.m.
(The main post office section operates Monday - Saturday inclusive - 8 a.m. - 5.30 p.m).

Tenure

We understand the premises are held on a secure renewable Council lease the present lease having 7 years unexpired from November, 2013 at a current rental of 16,000 p.a. exclusive of rates up to April, 2017 with rent to be agreed thereafter.

Retirement Sale

Uniform Business Rates: 5,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SELF SERVICE CONVENIENCE STORE COMBINED WITH MAIN POST OFFICE IN THIS RESIDENTIAL AREA.

RETIREMENT SALE

PERSONALY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 165,000 plus STOCK AT VALUATION (20,000/25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 82,500 (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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