Busy Off Licence in Central London For Sale

Situated in a Parade, excellent main road trading position, office and commercial area, City of London.

Turnover £ 1,000
Price £250,000

Features

off Licence, Confectionary, Tobacco and Groceries

SINGLE FRONTED, AIR CONDITIONED PREMISES WITH ELECTRIC SHUTTERS, PREMISES, in the region of 325 ft², Tiled flooring, plasterboard ceiling, LED spot lights, CCTV (5 cameras).

Sales counter, EPOS cash register, 2 display chillers, adjustable shelving,

Stairs to BASEMENT in the region of 525 ft².

Office.

Large room used for storage.

Staff toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the staff with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 11 p.m.
SATURDAY SUNDAY 10 a.m. - 10 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £40,000 p.a.

Business Rates from April 2025 £8,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote