Business for sale

Business description

Location this business is located in east london.

Turnover we are informed the turnover averages £18,000 p.w. Gross profit 27.5 % approx.
* The sales of bus passes provides an additional income of £200p.w. Approx.
* Paypoint sales provides an additional income of £200p.w. Approx.
* Wholesale newsbill £600p.w.

Price to include the secure lease, goodwill, fixtures & fittings £210,000 plus stock at valuation (£40,000 approx.)
substantial loan to an approved applicant.

Features spacious double fronted sales shop approx. 1,000 Sq. Ft. Sales area with electric shutters,air conditioning/heating, tiled floor, suspended ceiling with fluorescent lighting.

Fully equipped including: sales counter, epos scanning system with 2 tills, modern adjustable shelving, one 12 ft., and one 8 ft. Open cool display unit, chest freezer, ice cream freezer, upright double-door cocoa cola drinks fridges (on loan), greeting card display stand with drawers, etc. , Slush puppy machine

* Cctv system including 13 cameras, 1 monitor hard drive recorder.
* Walkin coldroom..
* Stockroom at rear.
* Staff cloakroom with w.c. And wash hand basin.


Staff the business is at present operated by the husband & wife team and an additional 3 part time staff employed.


Opening hours 7 day week (monday - saturday) 6 am - 11 pm sunday 7 am - 10.30 pm


tenure we understand the premises are held on a secure renewable lease, having approx. 10 Years unexpired at a rental of £18,000 p.a. Exclusive of rates next rent review in 2 years then every 4 years.

Uniform business rates: £6,000 p.a. Approx.


Reference : G5143