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Reference G4823

Convenience Store and Off Licence in Walthamstow For Sale

Convenience Store and Off Licence in Walthamstow For Sale
Buy a Convenience Store and Off Licence in Walthamstow For Sale

Register to see map and to make an appointment Occupying a corner position, main road trading position, densely populated and residential area, LONDON (EAST) WALTHAMSTOW

Turnover 5,500
Price 89,500

Features

Well Fitted Self Service Convenience Store, Full Free off Licence

Spacious double fronted sales shop approx. 16ft frontage x 50ft depth, all modernised and refurbished approx. 5 years ago.

Ceramic tiled floor. The equipment includes counter, electronic cash register, center display gondola, all modern adjustable display shelving, 2 open cool display units (on loan from Coca Cola), 2 upright double door glass fronted drinks fridges (owned), 2 large glass sliding topped deep freezes (owned), open cool display unit (used for milk, orange juice, water etc). CCTV system with 5 cameras, 2 monitors plus video.

Kitchen area
Staff cloakroom with w.c. and wash hand basin (space for shower if desired)

To the rear of the shop is a large garage, recently built, ideal for storage purposes.

Turnover

WE ARE INFORMED the turnover averages in the region of 5,500/6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. Phone Top-Ups bring in an additional income of 100 per month

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 2 part time staff employed.

Trading Hours

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

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of 175 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

In addition there is a rear workshop which is let and provides a rental income of 75 per week.

Tenure

The vendor owns the freehold and subject to satisfactory references, is prepared to grant in respect of the shop premises combined with flat over and workshop a new 12 years full repairing and insuring lease at a rental of 30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation not be required, the vendor is prepared to grant, subject to satisfactory references, a new 12 years full repairing and insuring lease in respect of the shop premises only (excluding the flat and workshop at rear) at a rental of 20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 2,700 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 89,500 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,750 (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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