Convenience Stores for sale in East London

View the "General Store with Off Licence in East London" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 


I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £30,000 Price Reduced Weekly Turnover: £3,500
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Business Description
The business has been in the same hands since 1988 & is now solely offered for sale due to the vendor's ill health. In our opinion the business offers tremendous potential for further development in the right hands.

Forecourt area at present let & providing a rental income of £150 p.w. & utilized for the sale of fruit & vegetables

Electric shutters to SPACIOUS SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes centre display gondola, counter, 2 tills with EPOS scanning system, upright double door glass fronted drinks display fridge (used for milk etc), 1-3.75m open cool display unit (used for soft drinks, juices, water etc), 1-2m open cool display unit, 1 glass topped chest deep freezer, ice cream deep freezer (owned), large glass topped chest display deep freezer, greeting card display stand etc.

Stockroom
Staff w.c. & wash hand basin.

Turnover : £3,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional stock & we additional opening hours. Wholesale newsbill £450 p.w. Gross profit 18% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £150 p.w. The business also has Oyster which we understand provides a further commission of approximately £90 p.w. In addition recently introduced Western Union which we understand is providing a further revenue of approximately £100 per month. In addition there is a Parcel Service which we understand provides a commission of approximately £50 p.w. In addition there is an ATM machine which we understand provides a further revenue of approximately £500 per month.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£8,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

**PLEASE NOTE ANY PROSPECTIVE PURCHASER IS TO BE RESPONSIBLE FOR LANDLORDS LEGAL COSTS**
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 2 p.m.


Number of Employees:

At present operated by the vendor with the assistance of his wife on a part time basis.

Tenure: Leasehold

Location Details:

Excellent main road trading position, residential & commercial area, EAST LONDON

Listed by: Nationwide Businesses Ltd
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G7081
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