Card Shop, Household Goods Shop, Discount Store and Wholesaler in East London For Sale

Situated in a Parade, excellent trading position, residential and commercial area LONDON, E1.

Turnover £ 7,000
Price £60,000

Features

Vape Shop and Household Goods Business with Wholesale and Retail Sales

DOUBLE FRONTED PREMISES in the region of 365 ft² WITH ELECTRIC SHUTTERS, CCTV (3 cameras), laminate flooring, suspended ceiling with tube lighting.

3 Custom built sales counters with display and storage, card machine. 5 bespoke wooden display cabinets, etc.

Stairs to basement in the region of 235 ft² Used for storage

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 20% approx.

Staff

The business is at present operated by the vendor with casual assistance as required.

Trading Hours

7 Day week
MONDAY - FRIDAY 10.30 a.m. - 8.30 p.m.
SATURDAY AND SUNDAY 10.30 a.m. - 4 p.m.

Outside

Optional additional storeage unit available to rear on separate rental agreement (£5,000 p.a.)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £23,500 p.a. There is a break clause coinciding with each rent review.

Business Rates from April 2025 £5,000 approx. (UNDER APPEAL) (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote