Profitable SELF SERVICE CONVENIENCE STORE, HOUSEHOLD GOODS.
Price:
Leasehold - £95,000
Location:
London, East London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Spacious Sales Shop, probably in the region of 3,300 sq. ft. sales area. Carpet tiled floor, suspended ceiling with fluorescent lighting, counter, 2 tills with EPOS scanning system, open cool display unit, 2 double door glass fronted display fridges (1 on loan from Pepsi Cola, the other on loan from Coca Cola), modern adjustable shelving, 3 centre display gondolas, etc.
First floor, large stockroom area with shelving. We understand that there is potential to convert the first floor area into 2 self contained 2 bedroomed flats.
Staff cloakroom with w.c. and wash hand basin.
WE ARE INFORMED the turnover averages £6,500 p.w., in our opinion offering tremendous for further increase in the right hands. Gross profit, we are advised, 40/45% approx.
WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 9 years unexpired, at a rental of £34,000 p.a. excl. of rates for the next 3 years, with rent review at that time and thereafter every 3 years.
Uniform business rates £14,950 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
REDUCED FOR EARLY SALE
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IN THE REGION OF £95,000 PLUS STOCK AT VALUATION (£35,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Situated in a parade, excellent trading position, LONDON, E
Monday/Saturday incl. 9 a.m. - 7 p.m.
Sunday opening 10 a.m. - 5 p.m.
North Yorkshire
£ 750,000
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