Convenience Store for sale in Plaistow

Plaistow, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

End of terrace, large residential area EAST LONDON

WE ARE INFORMED the turnover is currently in the region of £7,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the wholesale newsbill is in the region of £300 p.w. (not direct supplies). We are further advised that the gross profit is in the region of 24%.

We understand the entire premises are held on a secure renewable lease for aperiod of 16 years from the 29th September, 2004 at a current rental of £9,500 p.a. exclusive of rates with rent reviews every 4 years.

Uniform Business Rates: Nil payable after small business relief

THIS WELL ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation situated on the first floor comprises:

2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin
Lounge
Kitchenette with fitted units

Monday - Saturday inclusive - 7 a.m. - 9.30 p.m.
Sunday opening - 8 a.m. - 8 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £130,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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