Asking price: £89,500

Sales revenue: £338,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Electric see-through shutters to -

Spacious Sales Shop with modern shop front. We understand the shop was modernised, refurbished and refitted approx. 4 years ago at we understand a cost of approx. £70,000.

Sales area in the region of 1,600 sq. ft. with ceramic tiled floor, new suspended ceiling with concealed lighting. Air Conditioning. The equipment includes 2 electronic cash registers, checkout counters, modern adjustable shelving, centre display gondolas, large open cool display unit etc.

Large stockroom at rear with new shelving
Small office
Staff cloakroom with w.c. and wash hand basin

Employees: The business is at present operated by the vendor with the assistance of his son-in-law plus part time staff.

Trading hours: Monday - Saturday inclusive - 9 a.m. - 7 p.m. Sunday opening - 10 a.m. - 5 p.m.

Property: Leasehold

Lease terms
We understand the entire premises are held on a secure renewable lease having approximately 12 years unexpired at a rental of £36,200 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the 2 flats at present let on shorthold tenancies providing a current rental income of £18,240 p.a. the net rental payable at the present time is only £18,260 p.a). Uniform Business Rates: £7,900 p.a. approx. + water rates OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED DISCOUNT SOTRE WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS. PESONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Living accomodation
The accommodation in the form of 2 SELF CONTAINED FLATS over, each with FULL GAS FIRED CENTRAL HEATING and are both let on shorthold tenancies at the present time, comprises: Flat 1 - 3 Double Bedrooms Bathroom Lounge Kitchen We understand thi

Location
Situated in a parade, excellent trading position, SOUTH EAST LONDON.

Expansion potential
WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 30% approx.

Reasons for selling
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£30,000/£35,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.