Business for sale

Business description

Location this business is located in east london.

Turnover we are informed the turnover averages around £14,000 p.w. In our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. (We understand included in the turnover is approx. £3,000 P.w. In respect of the sale of meat). Gross profit 25% approx.

Price to include the secure lease, goodwill, fixtures & fittings £180,000 plus stock at valuation (£35,000 approx).
Substantial loan to an approved applicant

Features forecourt area used for display purposes to -

Spacious sales shop with electric shutters approx. 3,500 Sq. Ft. Sales area, concrete floor, fluorescent lighting. Well equipped including modern adjustable shelving, 2 open cool display units (on loan from coca cola), 6 large sliding glass topped chest deep freezes, 1 additional deep freeze, 2 cool display serveover counters (for butchery), checkout counter, 2 tills with scanning, 2 open cool display units, 2 walk-in coldrooms, 4 cameras, 2 monitors plus 1 recording etc.

Stockroom
office
storeage area
staff cloakroom with w.c.
Rear additional stockroom, let at present and produces a rental income of £700 per month

Staff the business is a family run concern with the assistance of 4 full time and 3 part time staff.

Opening hours 8 a.m. - 2 A.m. - Seven days per week

outside yard at rear with parking for 4 cars

Tenure we understand the premises are held on a secure renewable lease having approximately 20 years unexpired at a rental of £46,800 p.a. Exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.

Uniform business rates: £17,500 p.a. Approx.

Personally inspected and highly recommended


Reference : G4911