This well established business has been in the same hands for the past 30 years & is now solely offered for sale due to retirement.
DOUBLE FRONTED SALES SHOP in the region of 550 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. 1 air conditioning/heating unit. The equipment includes counter, 2 tills with EPOS scanning system, photocopier, 1-2.5m open cool display unit, ice cream deep freezer, large glass topped display deep freezer, 2-1.5m open cool display units, magazine display shelving etc.
Basement (could be used for stock purposes, if desired).
Turnover : in the region of £4,600 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £300 p.w. 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 £100 p.w. The business also has Oyster which we understand provides a commission of approximately £200 p.w. The business also has Payzone. We are further advised that the sales year ending 28th February, 2015 showed sales of £243,589 with a gross profit of £53,646 plus commission received of £14,519 providing an overall gross profit of £68,165.
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £499,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Friday inclusive - 6 a.m. - 7.30 p.m.
Saturday opening - 7 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 2.30 p.m.
It will be appreciated upon inspection that there is potential for additional opening huors, if desired
Number of Employees:
The business is at present operated by the vendor with family help plus 1 part time staff employed. 1 morning newsboy employed. Delivery charge £1 p.w.
Number of bedrooms: 1
The accommodation in the form of a SELF CONTAINED FLAT is at present let on a shorthold tenancy & provides a rental income of £700 per month, however we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Fitted kitchen/dining roomYard at rear with store shed
Situated in a corner position, residential & commercial area, EAST LONDON
Freehold Shop/ A1 Retail outlet with 3 bedroom Living Accommodation above.Excellent opportunity to acquire ...More Details
Dble Fronted Premises. Busy main rd position. Densely populated. Retail area 400 sq ft. Long Well establish...More Details
Long established community store operating from secure well fitted mini-supermarket parade premises in prim...More Details