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Reference G7981

Convenience Store in East London For Sale

Register to see map and to make an appointment Busy road, residential area, EAST LONDON

Turnover 4,000
Price 40,000

Features

Self Service Convenience Store, Fruit & Greens

SINGLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area with lino floor & fully equipped including counter, electronic cash register, electronic scales, 1 ice cream deep freezer, 1 glass topped chest deep freezer, modern shelving etc.

Stockroom
Kitchen
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence. The business sells phonecards & we understand this provides a commission of approximately 30 p.w.

Staff

At present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

10 a.m. - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease having 12 years unexpired from May, 2017 at a rental of 12,000 p.a. exclusive of rates up to May, 2021 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 430 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (12,000 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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