Convenience Stores for sale in London

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Convenience Store and Off Licence in Newham, London

London, England

  • Leasehold Price: £89,500
  • Weekly Turnover: £5,500
Seller Reference: NB-G4823
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Business Description
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Seller Reference: NB-G4823
Request Details
Business Description
Nationwide brings to the market this Well fitted SELF SERVICE CONVENIENCE STORE, FULL FREE OFF LICENCE. Occupying a corner position, main road trading position, densely populated and residential area, LONDON (EAST).

Spacious double fronted sales shop approx. 16ft frontage x 50ft depth, all modernised and refurbished approx. 5 years ago.

Ceramic tiled floor. The equipment includes counter, electronic cash register, center display gondola, all modern adjustable display shelving, 2 open cool display units (on loan from Coca Cola), 2 upright double door glass fronted drinks fridges (owned), 2 large glass sliding topped deep freezes (owned), open cool display unit (used for milk, orange juice, water etc). CCTV system with 5 cameras, 2 monitors plus video.

Kitchen area
Staff cloakroom with w.c. and wash hand basin (space for shower if desired)

To the rear of the shop is a large garage, recently built, ideal for storage purposes.

Turnover : in the region of £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. Phone Top-Ups bring in an additional income of £100 per month

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £89,500 (G4823)

Is accommodation included?:
The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of £175 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin

In addition there is a rear workshop which is let and provides a rental income of £75 per week.
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