Convenience Store for sale in East London

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 parade, excellent trading position, EAST LONDON

WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining a Premises & Personal Licence. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 23%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £195 p.w. The business also has Oyster which we understand provides a further commission of approximately £370 p.w. The business also has Paypoint & we understand this provides a further commission of approximately £100 p.w.

We understand the premises are held on a Council lease, the present lease having approximately 5 years unexpired at a current rental of £18,000 p.a. exclusive of rates. We further understand that the rent is due for review at the present time.

Uniform Business Rates: £5,200 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 5 a.m. - 8 p.m.
Sunday opening - 7.30 a.m.- 7 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 or near offer plus STOCK AT VALUATION (£28,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £140,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
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