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Convenience Stores for sale in East London

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Convenience Store with Off Licence in East London

East London, London, England

  • Leasehold Price: £50,000
  • Weekly Turnover: £7,000
Seller Reference: NB-G8651
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Business Description
 
 
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Seller Reference: NB-G8651
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Business Description
Nationwide are proud to offer to the market CONVENIENCE STORE plus OFF LICENCE. Situated in a parade, main road trading position, residential, office and commercial area, EAST LONDON.

DOUBLE FRONTED PREMISES 716.9ft² (66.6M²) with ELECTRIC SHUTTERS. Suspended ceiling with concealed lighting, tiled floor, sales counter, 5m open cool display unit, Cola Cola fridge, modern adjustable shelving.

Basement, used for storage purposes

Staff toilet with w.c. & wash hand basin

Kitchen

Turnover : WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 21% approx. Wholesale newsbill £200 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

£35 per week from the sale of Pay Point
£100 per week from Bus Passes

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£25,000 approx.)
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 : £50,000 (G8651)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Listed by:
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