Business for sale

Business description

Location this business is located in east london.

We are informed the turnover averages in the region of £5,500/£6,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx.

Price to include the new lease, goodwill, fixtures & fittings £70,000 plus stock at valuation (£10,000 approx).
Substantial loan to an approved applicant

Features spacious double fronted sales shop approx. 16Ft frontage x 50ft depth, all modernised and refurbished approx. 5 Years ago.

Ceramic tiled floor. The equipment includes counter, electronic cash register, center display gondola, all modern adjustable display shelving, 2 open cool display units (on loan from coca cola), 2 upright double door glass fronted drinks fridges (owned), 2 large glass sliding topped deep freezes (owned), open cool display unit (used for milk, orange juice, water etc). Cctv system with 5 cameras, 2 monitors plus video.

Kitchen area
staff cloakroom with w.c. And wash hand basin (space for shower if desired)

To the rear of the shop is a large garage, recently built, ideal for storage purposes.

Staff the business is at present operated by the vendor with the assistance of his wife on a part time basis plus 2 part time staff employed.

Opening hours 10 a.m. - 10 P.m. Seven days per week

Tenure the vendor owns the freehold and subject to satisfactory references, is prepared to grant a new 12 years full repairing and insuring lease at a rental of £20,000 p.a. Exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform business rates: £2,700 p.a. Approx. + Water rates

Personally inspected and highly recommended

Must be seen to be fully appreciated


Reference : G4823