Convenience Store for sale

Woodford News Food & Wine, 66 George Lane, London, E18 1LW

Under Offer £55,000

Property Description

Commercial information

  • Business for sale

Key features

  • Turnover for the Y/E 31/4/15: 331,143
  • Gross profit for the Y/E 31/4/15: 55,619
  • Additional Oyster commission of 10,508pa
  • Additional DPD commissions of c.1,500pa
  • Less than 0.1km to station
  • Same owner for 30+ years. Energy Rating D

Full description

Tenure: Leasehold

Description

The current business owner has been operating for over 30 years and has created a large and loyal customer base. The store is within 0.1km of the local bus stop and train station.

The store is equipped for the sale of convenience and household goods, newspapers and magazines, greeting cards, off licence, tobacco and National Lottery.

Location

The store is located in a prime trading position on George Lane amongst complementary businesses both in the retail and leisure markets. George Lane is easily accessible from various road routes through the town with visitors using on street parking outside the shop.

Situated in the London town of South Woodford, which is located c. 4 miles north east of Stratford and 7 miles north east of Central London. South Woodford train station offers a journey time to Central London of as little as 30 minutes.

Internal Details

The interior of the property offers a high specification design and layout. The ground floor trade and storage area benefits from a range of storage shelves, large sales counter with tobacco gantry, 1 open chiller, 4 sliding door fridges, 2 double chest freezers , 1 wine fridge, CCTV and electronic shutters front and back.

Ground Floor

The business is trading from a sales area of c. 750 sq ft. To the rear of the store there is also a stockroom and toilets.

Fixtures & Fittings

We are advised by our client that all fixtures and fittings except one open chiller are owned outright and included in the sale price.

The Opportunity

After over 30 successful years, our client is now retiring.There is great scope to increase trade further through re-merchandising and/or increasing trading hours on Sundays.

Staff

The business is currently run by the owner, along with one other part-time member of staff.

Trading Information

Turnover for the year ending 31st April 2015 was £331,143 with a gross profit of £55,619. In addition the store also earned £10,508 in Oyster commissions.
The current operator has also introduced DPD parcel service. It is advised net commissions will be an additional c.£10,000.

Trading Hours

Monday-Saturday: 6am-10pm
Sunday: 6am-6pm

Business Rates

The business rateable value is £3,463 but applies for Small Business Rate Relief.

Regulatory

Premises License.


More information from this agent

Nearest stations

  • South Woodford (0.1 mi)
  • Snaresbrook (0.7 mi)
  • Wanstead (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • South Woodford (0.1 mi)
  • Snaresbrook (0.7 mi)
  • Wanstead (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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