Convenience Store plus Fruit & Greens Shop in East London For Sale

Occupying a corner position, excellent main road trading position, residential and commercial area, EAST LONDON

Turnover £ 10,000
Price £119,000

Features

Convenience Groceries, Fruit and Vegetables, off Licence and Lottery

DOUBLE FRONTED PREMISES, in the region of 800 ft², WITH ELECTRIC SHUTTERS, CCTV (12 cameras), polished concrete flooring, plaster board ceiling with tube ligghts.

Sales counter, electric cash register, 2 x 3m chillers, wine fridge, freezer, ice cream freezer, slush machine, coffee machine, adjustable shelving and display racking.

2 stock rooms.

Cloakroom with toilet and wash hand basin.

Kitchen - Sink, cupboard, fridge, cctv monitor.

Stairs to basement in the region of 400 ft²

Used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. - £11,000 p.w. with a Gross profit of 20% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £35 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7.30 am - 11 pm
SUNDAY 8 am - 11 pm

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 2024 with reviews every 5 years (next review 2029) at a current rent of £14,500 p.a.

Business Rates from April 2024 £2,521 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £119,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 59,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote