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REDUCED - Licensed Londis Store MUST BE SOLD

Price:
Leasehold - £74,995
Turnover:
Register to view
Seller Ref:
CNO267
Location:

Essex , Ilford

Business Type:

Retail businesses

See Other:
Convenience stores for sale in Essex
General stores for sale in Essex
Greengrocers for sale in Essex
Newsagents for sale in Essex
Off licences for sale in Essex
Retail businesses for sale in Essex
Description:
THE BUSINESS:
REF: CNO / 267

EXCEPTIONALLY BUSY LICENSED STORE
SITUATED ON ARGUABLY THE
BUSIEST MAIN ROAD IN ILFORD
REDUCED TO £74,995
MUST BE SOLD DUE TO ILL HEALTH
OFFERS INVITED

• Excellent Location
• Busy Main Road Position in Ilford
• Modern Well Equipped Premises
• Trading 7 Days a Week 6am till 2am
• National Lottery Exceeding £2000.00 Sales Per Week
• Payzone Exceeding £2000.00 Per Week
• Turnover Achieving £10,000.00 Per Week
• Rent £30,000.00 pa
• LEASEHOLD £74,995

Visit our website – www.essexpropertycentre.co.uk


LOCATION:
Situated in a prime position on the busiest main road location in Ilford, Essex this established, licensed convenience store has come to market guaranteeing interest due to the impressive premises, location and abundance of fixtures and fittings. There are three schools in the immediate area and a main bus stop outside the entrance of the shop.


DESCRIPTION:
The shop unit is entered via a double, glazed door with a branded glass frontage entrance opening to main area. An extremely large sales floor with tiled flooring throughout. The main area is impressively fitted including an array of central and wall display shelving. Suspended ceiling with florescent lighting. CCTV throughout including 14 cameras all remotely accessed, and alarm system. Three air conditioning units in store.




Raised counter area, well fitted and extremely well presented with cigarette gantry behind, 2 x Electronic tills, lottery display/machine with additional scratch cards. Payzone facilities.



Comprehensively fitted throughout with a range of new fridges and freezers including * 2 x Large chest freezers * Costan large fridge * 2 x ‘Coke’ 3 door drinks fridge (owned) * 1 x Costan small fridge * Three tier ice-cream freezer * Long beer/wine fridge * Double ‘Brand New’ ice cream chest freeze * Long chest freeze with 3 cabinets above * 1 x Large dairy freeze * Magazine rack.




Main Storeroom – Accessed from rear of store this area has fully tiled floors and leads to a washroom/WC and small office area. A disconnected large walk in cold room, currently utilised as additional storage. Metal door with security gate to outside rear of shop.


Further storeroom to the side of the shop is accessed from the main shop floor.


THE BUSINESS:
We are informed the business is currently turning over approximately £10,000 per week. Trading form 6am till 2am 7 days a week, licensed to sell alcohol from 7am every day. Also offering Lottery (£2000.00 per week sales), Paypoint (£2000.00 per week) and Newspapers within the shop takings. Our vendor has owned the business for over 3 years and it is only due to ill health that this fantastic business opportunity comes to the market.

TENURE:
Leasehold: Secure renewable lease for a period of 20 years, at a current rental of £30,000 per annum. Uniform business rates @ £9,000 per annum.

TURNOVER: £10,000 per week.
.
STAFF: Currently operated by the owner 2 full time staff and
3 part time.

PRICE: £74,995 to include the secure lease, goodwill and
Fixtures and fittings.

VIEWING: By prior appointment with PPS on 01702 602888.






Misrepresentation Act 1991: Paviour Property Services for themselves and for vendors or lessors of this property whose agents they are give notice that: (1) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (2) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (3) no person in the employment of Paviour Property Services has the authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (4) rents or prices quoted in these particulars may be subject to VAT in addition.
Location Details:
LOCATION: Situated in a prime position on the busiest main road location in Ilford, Essex this established, licensed Londis convenience store has come to market guaranteeing interest due to the impressive premises, location and abundance of fixtures and fittings. There are three schools in the immediate area and a main bus stop outside the entrance of the shop.
Lease Terms:
TENURE: Leasehold: Secure renewable lease for a period of 20 years, at a current rental of £30,000 per annum. Uniform business rates @ £9,000 per annum.
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