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Supermarket Convenience Store In East London Ref 24430 For Sale

East London, London, UK
Asking Price:
£200,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Location: The shop is located on a main road position on High Street in center of the residential and commercial area and has an excellent opportunity for business growth.

The shop is just 2 minutes away from nearby schools & restaurants. It is located in a densely populated area and easily accessible for transport services. The shop is just a 5-minute walk from the football club stadium and 0.1 mile from the gym & train stations.

Premises: Great opportunity to acquire a profitable shop in immaculate condition, near a station, library, and church. The store got very good reviews on Google because of its wide variety of products and good customer relations.

The shop is newly fitted on trading position & equipment that includes CCTV cameras, deep freezers, Open cool display unit, Fridge, counter, etc.

Business Potential: Business can increase by adding UPS parcel services, Coffee machines, phone repairs kiosks, PayPoint, oysters, and vape

Tenure: Leasehold: 10 years of Lease remaining under the landlord's Tenancy act

Shop size: Floor space: approximately 1350 sq. ft. and space storage space at the rear of around 175 sq. Ft storage

Turnover: £22,000 P.W.

Rent: £65,000 P.A.

Rates: £8,000 P.A.

Trading hours: 8 AM to 10 PM (All 7 days)

Additional potential: The shop has the license to keep open for 24 hours, so oncoming buyers can extend the timings and generate more income.

The business is marketed for the goodwill of £200,000 plus SAV; it includes all the fixtures and fittings.

For further information, please contact the BTC Commercial and Investment team

Tenure: Leasehold