Convenience Stores for sale in East London

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 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £215,000 Weekly Turnover: £9,000
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Business Description
NO PARKING RESTRICTIONS

SPACIOUS SALES SHOP probably in the region of 1,500/1,600 sq. ft. sales area. Refitted in September, 2015. Quality tiled floor, suspended ceiling with concealed lighting. The equipment includes counter with 2 tills & EPOS scanning system plus post office combination counter, 2 upright double door glass fronted display deep freezers, 1 Arneg 3.75m open cool display unit plus 1 Arneg 2.75m open cool display unit, modern adjustable shelving, display gondolas, 2 greeting card display stands with drawers under. Newly installed CCTV system. Post Office counter with anti-bandit screen (2 positions plus parcel hatch) etc.

Stockroom
Kitchenette
Staff w.c. & wash hand basin.

Turnover : £9,000/£9,500 p.w. in our opinion offering tremendous potential for further increase especially with additional opening hours & the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the Premises & Personal Licence. Wholesale newsbill £550 p.w. In addition the business has Oyster which we understand provides a commission of approximately £200 p.w. The premises also has an external ATM machine. Post Office income in the region of £55,000 p.a.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £215,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 1 p.m.
(The main post office section operates Monday - Saturday inclusive - 8 a.m. - 5.30 p.m).


Number of Employees:

At present operated by the vendor on a part time basis. Staff employed in the main post office 1 full time plus 1 part time staff. Shop area 2 full time plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Tenure: Leasehold

Location Details:

Situated in a parade, residential area, EAST LONDON

Listed by: Nationwide Businesses Ltd
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G7619
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