Convenience Store with Off Licence in East London For Sale

Situated in a parade, main road trading position, EAST LONDON

Turnover £ 2,800
Price £50,000

Features

off Licence & Convenience Store

DOUBLE FRONTED PREMISES in the region of 715 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED lighting, sales counter, EPOS till, cigarette draw, open cool display unit, 2 x drinks display fridge (glass fronted upright double-door), freezer, modern adjustable shelving.

Stock room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,800 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the 2 partners

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 9pm
SUNDAY 9am - 7pm

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 2020 with reviews every 5 years (next review 2025) at a current rent of £19,000 p.a.

Business Rates from April 2024 £1,780 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote