Convenience Store & Off Licence in Finchley For Sale

Situted in a parade, main road trading position, NORTH LONDON FINCHLEY

Turnover £ 6,000
Price £49,500

Features

Self Service Convenience Store, Full Free off Licence & National Lottery

SINGLE FRONTED MEDIUM SIZED SALES SHOP, 1030 sq.ft. Canopy. Wooden with non-slip floor, panel LED lighting. The equipment includes counter, electronic cash register, 1 glass topped chest display deep freezer, 1 ice cream deep freezer, 1 single door glass fronted display fridge, shelving, 2 open cool display units etc.

520 sq. ft. Basement ideal for storage purposes

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of £6,000/£6,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 22%. In addition commission is received in respect of UPS parcel service £400/£425 per month, Oyster/ Lottery/Scratchcards £200/£225 per month. The business also has Payzone.

Staff

At present operated by a husband & wife team

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 8 p.m.
We understand from the present owners that the business is allowed to open until 11 p.m. if desired

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years from 2021 at a rental of £18,500 p.a. exclusive of rates for the next 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,500 p.a. approx.

SOLELY OFFERED FOR SALE DUE TO FAMILY ILL HEALTH

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£12,500 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote