Business for sale

Business description

Location this business is located in east london.

Turnover we are informed the turnover currently averages £3,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx.

Price to include the secure lease, goodwill, fixtures & fittings £10,000 plus stock at valuation (£20,000 approx. Can be reduced)
substantial loan to an approved applicant

Features single fronted medium sized sales shop with tiled floor, suspended ceiling. The equipment includes modern adjustable shelving, 1 glass topped chest deep freeze, large open cool display unit, 1 upright single door drinks display fridge (on loan from pepsi cola), counter, electronic cash register etc.

Stockroom
staff cloakroom with w.c. And wash hand basin

Staff the business is at present operated by 1 of the owners relatives with the assistance of 1 full time and 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening hours 8 a.m. - 11 P.m. Seven days per week

Outside yard at rear

Tenure we understand the premises are held on a secure renewable lease having approximately 13 years unexpired at a rental of £12,000 p.a. Exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform business rates: £2,000 p.a. Approx. + Water rates

Recommended for early inspection

Reduced for early sale

Reference : G4956