Convenience Stores for sale in East London

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 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
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Leasehold Price: £125,000 Price Reduced Weekly Turnover: £8,500
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Business Description
• ACCOMMODATION INCLUDED

Forecourt to DOUBLE FRONTED MEDIUM SIZED SALES SHOP probably in the region of 300 sq. ft. The equipment includes shelving, ice cream deep freezer (owned), glass topped chest display deep freezer, upright single door glass fronted display fridge (on loan from Coca Cola), 1 additional upright single door glass fronted display fridge (owned), counter, electric cash register, upright sliding double door glass display fridge (used for wines & beers etc).

Stockroom
Kitchenette area.

Turnover : WE ARE INFORMED the turnover is currently in the region of £8,500/£9,000 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%.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


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


Number of Employees:

The business is at present operated by the vendor with the assistance of his daughter plus additional family help when required.

Tenure: Leasehold

Number of bedrooms: 2

Accommodation Details:

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

Location Details: End of terrace, large residential area EAST LONDON

Listed by: Nationwide Businesses Ltd
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G7319
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