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
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