Italian Convenience Store with Off Licence & Delicatessen in E London
Description : 28 Mar, 2023
Italian Convenience Store Plus off Licence & Delicatessen
Tables and stools providing seating for 5 persons
DOUBLE FRONTED PREMISES in the region of 960 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with concealed lighting. Air conditioning with hot air. Sales counter, 2 cash registers, 2 cool display Deli counters with refrigerated storage section, 2-2.5m open cool display units, 2 glass fronted upright double door drinks display fridges, modern adjustable shelving, 2-group coffee machine, coffee grinder, slicer, grill, toaster, ice cream freezer, 2 small freezers, 1 fridge, 1 fan oven, 1 microwave. CCTV system (8 cameras, 2 monitors).
Office
Stockroom / Storeroom
Toilet with w.c. and wash hand basin
Basement, used for storage purposes
Turnover
WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 30% approx.
Staff
The business is at present operated by the vendor with 2 full time staff employed.
Trading Hours
7 Day week
MONDAY - SUNDAY 8 a.m - 8 p.m
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 3 years (next review 2024) at a current rent of £22,000 p.a.
Business Rates from April 2022 £11,000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£5,000 approx).
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