Greengrocer with Off Licence and Coffee Shop in East London For Sale

Situated in a parade, main road trading position, residential and commercial area, EAST LONDON

Turnover £ 6,000
Price £95,000

Features

organic Grocery & off Licence with Coffee Shop Potential

SINGLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 400 ft². Air conditioning. Wooden flooring, spotlights. Sales counter, touchscreen till, 6.5m open display chiller, 1.3m freezer, display racking, scales, shelving. CCTV (8 cameras). Alarm.

Storeroom

Kitchen - sink, fridge, microwave, cooker and kettle

Cloakroom with toilet and sink

Stairs to Basement in the region of 410 ft² used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 50% approx. Tremendous potential to develop further complimentary lines, the vendor believes intorducing a coffee shop would be very lucrative.

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY - 9 a.m - 9 p.m
Licensed until 11 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £20,000 p.a.

Business Rates from April 2024 £1,500 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£45,000)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote