Convenience Stores for sale in East London

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Well Fitted General Store & Post Office in East London

East London, London, England

  • Leasehold Price: £128,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £6,200
Seller Reference: NB-G8613
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Business Description
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Seller Reference: NB-G8613
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Business Description
Nationwide are proud to offer to the market WELL FITTED SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE with POST OFFICE LOCAL. Situated in a terrace, densely populated residential area EAST LONDON.

SPACIOUS SALES SHOP probably in the region of 700 sq. ft. sales area with lino non-slip floor, suspended ceiling with lighting & well equipped including retail counter with electronic cash register, post office combination counter, 1-3.75m open cool display unit, 1-1.15m open cool display unit, 1 double door glass fronted display deep freezer, ice cream deep freezer, modern adjustable shelving etc.

Staff w.c. & wash hand basin

Small cellar

Turnover : £6,200/£6,400 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 25%. We understand the current post office income is in the region of £30,000 p.a. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a further commission of approximately £70 p.w. The business also has a bus pass agency.

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 : £128,000 (G8613)

Is accommodation included?:
Available as an OPTIONAL EXTRA is a SELF CONTAINED FLAT over, with FULL GAS FIRED CENTRAL HEATING & in the course of modernisation, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin

As stated the flat is available as an optional extra on a shorthold tenancy at a rental of £1,250 per month
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