Convenience Store plus Off Licence in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 7,500
Price £70,000

Features

Convenience Store Plus off Licence

FRONT FORECOURT WITH PARKING FOR 2 CARS

DOUBLE FRONTED PREMISES in the region of 300 ft² WITH ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with concealed LED lighting. Sales counter, cash register, cigarette gantry, glass fronted upright double-door drinks display fridge, additional glass fronted upright double door drinks display fridge, ice cream freezer, glass topped deep freezer, fridge, modern adjustable shelving, CCTV system (15 cameras, 1 monitor).

Stock room

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a gross profit of 22% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £150 per week approx.
OYSTER £150 per week approx.

Staff

The business is at present operated by the vendor's husband with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 10pm
SUNDAY 8.30am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2019 with reviews every 3 years (next review 2025) at a current rent of £16,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote