Convenience Store and Off Licence in East London For Sale

Occupying a corner position, main road trading position, densely populated and residential area, EAST LONDON

Turnover £ 5,500
Price £100,000

Features

Convenience Store & Off Licence

DOUBLE FRONTED PREMISES, in the region of 800 ft², WITH ELECTRIC SHUTTERS, 6 cameras, Tiled flooring, plasterboard ceiling with LED lighting.

Sales counter, electric cash register, 2 open fronted chillers, 2 chest freezers, adjustable shelving, etc.

Store room.

Staff cloakroom with toilet and wash hand basin.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. - £6,000 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the vendor with 1 full time and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 9 a.m. - 10 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to Flat above comprising;

2 bedrooms (1 double, 1 sinbgle)
Kitchen.
Shower room with shower, toilet and sink.
Living room.,


We are advised the flat is at present let on a shorthold tenancy providing a rental income of £1,200 per month

Outside

Yard

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 20 years with reviews every 4 years at a rent of £30,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote