Convenience Store for sale in Ilford

Ilford, Essex


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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, densely populated residential and commercial area, ESSEX

WE ARE INFORMED the turnover averages £18.500 p.w. We understand that the business has re-commenced selling wines, beers & spirits & in our opinion the business offers tremendous potential for development in the right hands. Wholesale newsbill £150 p.w. Gross profit we are further advised by the owners that the gross profit is in the region of 28% approx.

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £50,000 p.a. exclusive of rates for the next 1 year with rent to be agreed thereafter.

Uniform Business Rates: £21,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

24 hours per day seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION (£35,000/£40,000) approx.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £160,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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