Convenience Store and Off Licence - Retirement Sale in South London For Sale

Situated in a Parade, excellent trading position, residential and commercial area, S London.

Turnover £ 4,000
Price £75,000

Features

Well Established Convenience Store and Off Licence R E T I R E M E N T S A L E

DOUBLE FRONTED PREMISES, in the region of 560 ft², WITH ELECTRIC SHUTTERS, CCTV (3 cameras), Tiled flooring, plaster board ceiling with tube lighting.

Sales counter, electric cash register, large open ciller, single door fridge, double door fridge, freezer, adjustable shelving and display staging, central gondola.

Store room.

Staff cloakroom with toilet and wash hand basin.

Stairs to Basement, in the region of 465 ft², used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 30% approx. We are advised the sales for year ended March 2025 were £167,992, with a GP £61,894.

Staff

The business is at present operated by the Husband & Wife team with family assistance as required.

Trading Hours

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

Accommodation

ACCOMMODATION AVAILABLE AS AN OPTIONAL EXTRA ON AN AST @ £2,000 per month

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to Flat above with Gas Fired Central Heating, Double-glazed windows comprising;

3 bedrooms (2 doubles, 1 single )
Kitchen.
Living room.
Bathroom with bath, toilet and wash hand basin.

Outside

Garden to rear.

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE for 20 years in 2026 with reviews every 4 years at a rent of £18,000 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1984, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote