Business for sale

Business description

This business is located in east london.

Turnover we are informed the turnover averages £5,000 p.w. In our opinion offering tremendous potential for further development, especially with the introduction of additional stock. Gross profit 25% approx.

Price to include the secure lease, goodwill, fixtures & fittings £45,000 plus stock at valuation (£6,000/£8,000 approx).
Substantial loan to an approved applicant


features spacious double fronted sales shop approx. 700 Sq. Ft. Sales area with ceramic tiled floor, suspended ceiling with concealed lighting. Refitted approximately 2 years ago.

The equipment includes 1-3.75m open cool display unit, 1-2.5m cool display unit, modern adjustable shelving, centre display gondola, counter, electronic cash register etc.

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


staff the business is at present operated by a relative on a full time basis plus 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 11 a.m. - 11 P.m. Seven days per week


tenure we understand the premises are held on a secure renewable lease having approximately 8 years unexpired at a rental of £9,000 p.a. Exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years.

Uniform business rates: £2,500 p.a. Approx. + Water rates

Recommended for early inspection


Reference : G4868