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Commercial
Status: Guide Price
Type: For sale
Tenure : Long Leasehold
Class: A1 Shops
Address: 45 Fairland Road, London E15 4AF, UK
Categories:
Convenience Store
Price: £25,000
Min size: 500.00 sq ft

***Well Established; Residential Footfall; Off Licence Corner Store***

---Features---

- Well Established Off Licence Corner Store
- Trading for more than 60+ Years
- Around 500 sq ft Floor-space
- Large Cellar Storage
- Fitted Shop including Display Stands, Shelving, Two Coolers (Used for Drinks & Dairy)
- Modern Adjustable Shelving
- Modern Point of Sale
- CCTV System with 4 Cameras and Recording

---Turnover---

BASED ON THE INFORMATION PROVIDED to us the estimated weekly turnover averages around £5,000 from the sale of alcohol, drinks, confectionary, grocery and, PayZone on commission basis. In our opinion the shop benefits from the local residential footfall and has a further potential to increase business. We are further advised that the gross profit is in the region of 40%. The business also has the potential to increase turnover by introducing Cash Machine, PayPoint, Oyster Terminal, News Paper deliveries and National Lottery.

---Staff---

At present the shop is operated by the vendor with the assistance two more part time staff.

---OPENING HOURS---

Monday to Sunday: 10.30am to 10.30pm
Sales could be increased by increasing staff as the Licence permits opening hours from 8am to 11pm

---Accommodation---

The Freeholder has rented out the above apartment which has an access through the side of the building.

---Outside---

On Street parking in the front and a garden with a storage extension to the rear

---Tenure---

We understand the entire premises are held on a secure renewable lease and a brand new lease would be agreed for 15 years at a rental of £10,000 p.a. exclusive of rates.
No Rates are applicable due to Small Business Relief, which is to be effective till 2016.

---Price---

ASKING PRICE INCLUDING THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IS £25,000, plus STOCK AT VALUATION (£8,000 approx)

EARLY INSPECTION IS HIGHLY RECOMMENDED

---Viewing---

Strictly through RAM Estate Agents. Call Us for more information or to schedule a viewing straight away.


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Convenience Store for sale - 45 Fairland Road, London E15 4AF, UK

Listed on: 17 December 2014
£25,000
Guide Price
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