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NEWSAGENT/CONFECTIONERS WITH UPPER PARTS/EAST LONDON/REF: 24958
Long well-established business in EAST LONDON. An opportunity to acquire this excellent shop with a two-bedroom flat upstairs.
The Shop is situated on the main road in a parade, near to the Underground station, bus stop, banks, and commercial areas, pedestrian corner location on the parade with parking around and regular fixed client in the area.
Single fronted shop with 2 bed flat above with a separate entrance to the flat from the shop with a car park.
The 2 bedroom flat itself fetches an income of £870 p.m
A well-maintained shop with CCTV cameras and Security system.
The shop size is 500 sq.ft plus a storage area of 200 sq. approx.
The business have easy working hours and a profit margin of 50%.
The business has the tremendous potential and can be further grown by adding business hours, Alcohol, Groceries, Vegetables, Fruits, coffee machine, parcel services, and paper rounds.
Shop T/O £9,500- 10,000 p.w. (Gross Sale)
NewsBill: £800 p.w
Oyster: £5,000 p.w.
Lottery: £450 p.w.
Cigarettes: £1000-£1500 p.w
Rent £24,000 p.a.
Rates: £5500 p.a
Timings: Monday to Saturday from 06.00 A.M to 5.30 P.M, Sunday from 6.30 A.M to 1.30 P.M
Financials and Price: The business is marketed for £60,000 Plus Stock as per valuation. it includes the goodwill, fixtures & fittings.
Tenure: Renewable lease with 2 and half years Lease remaining.
BTC to be retained call us further details and appointment for viewing: --- ---- ----
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