Convenience Store for sale

NEWSAGENT CONVENIENCE EAST LONDON REF 24996


£55,000
S.O.A.

Description

Location: Well-established business in east London. An opportunity to acquire this business with the potentials to grow the business.
The Shop is situated on the parade, having schools and churches near to the shop, residential areas, with free parking on off-street.

Overview: The shop runs the business as News Agents and General store on the parade, the shop has outside space which could be used for the sale of vegetable, fruits increasing the business.
The shop has the potential to add off-license can add coffee machine, cash machine which would increase the footfall in the shop and increase shop turnover and business margins.
The shop needs full-time management and stock, the shop has recent fit-outs and decor has fitted CCTV cameras and security systems.
The size of the shop is 700 sq.ft.
The business can have extended hours and needs full-time management to make maximum business profits.

Turnover: £8500 P.W. (Gross)

Rent: £16,800 P.A.

Rates: £4,500 P.A.

Timings: Monday to Sunday from 08.00 A.M to 9.00 P.M.

Financials and Price: The business is marketed for £55,000 Plus Stock as per valuation. it includes the goodwill, fixtures & fitting.

Tenure: New lease for 16 years and rent review every 4 years under the Land Lord Tenants Act.

Call BTC for further details and appointment for viewing: 020 8889 7474 or email us on commercial@btcint.com

Categories

Convenience Stores
Call
Property reference
CP987241_24996