Convenience Store for sale in Plaistow E13 Ref No: 21310
A rare opportunity to acquire an established thriving Convenience Store, a family operated business trading for over 30 years in the same hands. This is a retirement sale and due to the limited trading hours it poses an excellent opportunity for business growth.
Overview: Situated on a secondary road In a residential location, this fully equipped business attracts passing trade, having visibility on one of the main routes to a nearby school. This business has been owned by the vendor for many year and there is a broad customer base with good customer relations thereto attracting a strong goodwill. The business Turn Over can exceed beyond £6500 a week, with the introduction of new lines and increased trading hours.
The Premises: Operating on a single level trading floor of 750 sqft aprox with a basement of 400 Sqft approx. All fixtures and fittings; included in the sale price. The shop floor is modern and bright with all fridges, equipment and fittings included.
Timings: Opening only 7 days a week, weekday hours are 06 A.M – 08 P.M and Sunday 07.A.M - 03 P.M.
Financials and Price: The business is marketed for £70000 plus stock. It includes the goodwill, fixtures & fitting. The price reflects the vendor’s wish for a speedy and uncomplicated sale. The business is turning over £6500 per week. The rent only is £16,000 per annum. Benefiting from small business relief there are at present no rates to pay.
Tenure: Leasehold (New 15 years lease with rent review every 3 years)
Opening only 7 days a week, weekday hours are 06 A.M – 08 P.M and Sunday 07.A.M - 03 P.M.
New lease for 15 years with rent review every 3 years.