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 main road trading position, sought after residential & commercial area, EAST LONDON

WE ARE INFORMED the turnover currently averages £19,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £650 p.w. We are advised that the gross profit is in the region of 18% approx. The business also has Oyster & we understand this provides a commission of approximately £400 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £100 p.w. Post Office salary of £140,000 p.a. approx. (including commission received in respect of the sale of on line national lottery tickets plus scratch cards)

We understand the premises are held on a renewable lease, the present lease having approximately 7 years unexpired at a rental of £34,000 p.a. exclusive of rates up to May, 2017, with rent review to be agreed thereafter.

Uniform Business Rates: £13,788 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Retail Section - 7 a.m. - 10 p.m. seven days per week
Post Office section - Monday - Saturday inclusive - 8 a.m. - 6 p.m.

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £379,000 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £379,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Post Offices
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