Convenience Store for sale in Bow

Bow, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a terrace, main road trading position, densely populated residential area plus large Hotel recently built nearby, EAST LONDON

WE ARE INFORMED the turnover averages £11,000/£12,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600/£700 p.w. Gross profit 20/22% approx. In addition the business is agents for the sale of on line national lottery tickets & scratch cards and we undestand this provides a commission of approximately £175 p.w. The business also has Oyster which we understand provides a further revenue of approximately £300 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approx. 5 years unexpired at a rental of £17,940 p.a.exclusive of rates, due for rent review in 2017, with further rent reviews every 3 years.

Uniform Business Rates: £2,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

7 a.m. - 12 midnight seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £145,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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