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Reference G7717

Convenience Store in Walthamstow For Sale

Convenience Store in Walthamstow For Sale
Buy a Convenience Store in Walthamstow For Sale Sell a Convenience Store in Walthamstow For Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, E LONDON WALTHAMSTOW

Turnover 3,500
Price 35,000

Features

Self Service Convenience Store

Forecourt used for display purposes

DOUBLE FRONTED SALES SHOP possibily in the region of 350 sq. ft. sales area (in our opinion could be extended into the rear room if desired). The equipment includes modern adjustable shelving, counter, electronic cash register, ice cream deep freezer, 2m open cool display unit, centre display gondola etc.

Rear room with bathroom & w.c.

Turnover

WE ARE INFORMED the turnover averages 3,500 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 Personal & Premises Licence. Wholesale news bill 650 p.w. Gross profit 24% approx. The business is agents for the sale of Oyster Bus Passes & we understand this is providing a commission of 190 p.w. The business also has Western Union plus has Parcel Collect Services. We understand this provides a further commission of approximately 100 per month.

Staff

At present operated by the vendor

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 6.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 9,500 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 350 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (8,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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