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Convenience Store and Off Licence in Regents Park For Sale

Convenience Store and Off Licence in Regents Park For Sale
Buy a Convenience Store and Off Licence in Regents Park For Sale Sell a Convenience Store and Off Licence in Regents Park For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office & commercial area, N LONDON REGENTS PARK

Turnover 10,000
Price 150,000

Features

Impressive Convenience Store Plus off Licence

NEWLY FITTED 2018

DOUBLE FRONTED PREMISES 1,230 ft (115 M) WITH ELECTRIC SHUTTERS, suspended ceiling with concealed LED lighting, tiled floor. Sales counter, EPOS scanning system with 1 till, 2 x open cool display units (3.25 metres), wine fridge, 2 chest freezers, 2 x ice cream freezers.

Stockroom / Storeroom

Staff toilet with w.c. and wash hand basin
Small Kitchen
Office with bed

Turnover

WE ARE INFORMED by the owner the turnover currently averages 10,000 p.w. (pre Covid-19 15,000 p.w.) with a Gross profit of 30% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of 300 per month from Pay Point.

Staff

The business is at present operated by the vendor with 1 full time staff employed plus 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive - 8am - 11pm
SUNDAY 10am - 10pm

Outside

Parking space for 1 car to the rear

Tenure

We understand the landlord, subject to satisfactory references, will grant a new 16 years lease at a rental of 20,000 p.a. with 4 yearly reviews

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION (40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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