Convenience Store for sale in Manor Park

Manor Park, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Excellent main road trading position, residential & commercial area, EAST LONDON

WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional stock & we additional opening hours. Wholesale newsbill £450 p.w. Gross profit 18% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £150 p.w. The business also has Oyster which we understand provides a further commission of approximately £90 p.w. In addition recently introduced Western Union which we understand is providing a further revenue of approximately £100 per month. In addition there is a Parcel Service which we understand provides a commission of approximately £50 p.w. In addition there is an ATM machine which we understand provides a further revenue of approximately £500 per month.

We understand the premises are held on a secure renewable Council lease, the present lease expiring in March, 2018 at a current rental of £12,850 p.a. exclusive of rates. (We understand the rent reviews are every 5 years).

Uniform Business Rates: £5,240 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988 AND ARE SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S ILL HEALTH.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 2 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£8,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

**PLEASE NOTE ANY PROSPECTIVE PURCHASER IS TO BE RESPONSIBLE FOR LANDLORDS LEGAL COSTS**
Viewing Strictly by appointment.

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business information

Sale price: £30,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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