Convenience Stores for sale in East London

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Convenience Store, Off Licence and Newsagent in East London

East London, London, England

  • Leasehold Price: £45,000
  • Weekly Turnover: £5,000
Seller Reference: NB-G8590
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Business Description
 
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Seller Reference: NB-G8590
Request Details
Business Description
Nationwide are proud to offer to the market SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE. Situated in a parade, residential area, E LONDON.

SINGLE FRONTED SALES SHOP in the region of 920ft² (85M²) sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, 2 electronic cash registers with EPOS scanning system, 2 ice cream deep freezers (1 owned, 1 on loan), 2 open cool display units, modern shelving.

Large stockroom
Staff w.c. & wash hand basin

Turnover : £5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £400 p.w. We understand the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratchcards & we understand this provides a commission on average of £140 p.w. The business also has Oyster which we understand provides a further income of approximately £100 p.w. The business has 2 parcel delivery companies which we understand provides a commission on average of £100 p.w. The business has an internal ATM machine which we understand provides a further revenue of approximately £40 p.w.

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
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 : £45,000 (G8590)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Parking at rear for 2 cars
Listed by:
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