Convenience Store & Takeaway in Ilford For Sale

Situated in a parade, main road trading position, densely populated residential and commercial area, ESSEX ILFORD

Turnover £ 8,000
Price £133,000

Features

Eastern European Grocery Store with off Licence and Hot Food Takeaway

5 Star Hygiene Rating

DOUBLE FRONTED PREMISES, in the region of 900 ft², WITH ELECTRIC SHUTTERS - CCTVC (14 cameras), tiled flooring, suspended ceiling with LED lighting.

Sales counter, electric cash register. Server over deli counter, display chiller, chest freezer, adjustable shelving, fruit and vegetablke display racking.

Kitchen - stainless steel extractor, 2 doner machines, charcoal grill, double basket deep fat fryer, microwave, cooker, double sink with drainer, stainless steel preparation table, 2 fridges, freezer, etc,

Stairs to Basement (in the region of 575 ft²) - Used for storage. Freezers.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. (85% retail, 15% catering)

Staff

The business is at present operated by the vendor with 2 full time staff employed.
We are informed the wage bill averages £900 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday 10 am - 9 pm
Friday - Saturday 10 am - 10 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a 3 year recurring tenancy (private landlord) granted for in 2023 at a current rent of £22,800 p.a.

Business Rates from April 2023 £3,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £133,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 66,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote