London, E15 4AF
Businesses For Sale, Commercial Property, Convenience Stores, Retail Businesses, Shops
***Well Established; Residential Footfall; Off Licence Corner Store***
- Well Established Off Licence Corner Store- Trading for more than 60+ Years- Around 500 sq ft Floor-space- Large Cellar Storage- Fitted Shop including Display Stands, Shelving, Two Coolers (Used for Drinks & Dairy)- Modern Adjustable Shelving- Modern Point of Sale- CCTV System with 4 Cameras and Recording
BASED ON THE INFORMATION PROVIDED to us the estimated weekly turnover averages around £5,000 from the sale of alcohol, drinks, confectionary, grocery and, PayZone on commission basis. In our opinion the shop benefits from the local residential footfall and has a further potential to increase business. We are further advised that the gross profit is in the region of 40%. The business also has the potential to increase turnover by introducing Cash Machine, PayPoint, Oyster Terminal, News Paper deliveries and National Lottery.
At present the shop is operated by the vendor with the assistance two more part time staff.
Monday to Sunday: 10.30am to 10.30pm Sales could be increased by increasing staff as the Licence permits opening hours from 8am to 11pm
The Freeholder has rented out the above apartment which has an access through the side of the building.
On Street parking in the front and a garden with a storage extension to the rear
We understand the entire premises are held on a secure renewable lease and a brand new lease would be agreed for 15 years at a rental of £10,000 p.a. exclusive of rates.No Rates are applicable due to Small Business Relief, which is to be effective till 2016.
ASKING PRICE INCLUDING THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IS £25,000, plus STOCK AT VALUATION (£8,000 approx)
EARLY INSPECTION IS HIGHLY RECOMMENDED
Strictly through RAM Estate Agents. Call Us for more information or to schedule a viewing straight away.
Property reference: cp4x5j18pm
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by RAM. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.