Convenience Stores for sale in East London

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Imran Ahmed (Nov 2014)
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Leasehold Price: £140,000 Price Reduced Weekly Turnover: £10,500
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Business Description
The business has been in the same hands for the past 7 years and is now solely offered for sale due to retirement

Electric shutters to SPACIOUS SALES SHOP probably in the region of 1,400 sq. ft. sales area. The equipment includes modern adjustable shelving, counter, 2 tills with EPOS scanning system, display gondolas, 1-3.75m open cool display unit, 1-2.5m open cool display unit, 2 cigarette gantries (on loan), 2 glass topped chest display deep freezers etc.

Stockroom
Staff cloakroom with w.c. & wash hand basin.

Turnover : £10,500 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining a Premises & Personal Licence. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 23%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £195 p.w. The business also has Oyster which we understand provides a further commission of approximately £370 p.w. The business also has Paypoint & we understand this provides a further commission of approximately £100 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 or near offer plus STOCK AT VALUATION (£28,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 5 a.m. - 8 p.m.
Sunday opening - 7.30 a.m.- 7 p.m.


Number of Employees:

The business is at present operated by 2 partners with the assistance of 2 full time staff. 2 small newsrounds undertaken. Delivery charge £2 p.w.

Tenure: Leasehold

Accommodation Details: Parking at rear for 2 cars

Location Details:

Situated in a parade, excellent trading position, EAST LONDON

Listed by: Nationwide Businesses Ltd
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G7438
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