Convenience Store with Off Licence in Forest Hill For Sale

Situated in a Parade, excellent main road trading position, close to railway station, residential, office and commercial area, FOREST HILL, London, SE23.

Turnover £ 6,500
Price £77,500

Features

Established Convenience Store and Off Licence with Pay Point

DOUBLE FRONTED PREMISES, in the region of 525 ft² WITH ELECTRIC SHUTTERS, CCTV (6 cameras), non slip industrial lino flooring, suspended ceiling with LED lighting.

Sales counter, EPOS cash register, dairy cabinet, soft drinks fridge (cocoa-cola), ice cream freezer (Walls), tobbacco gangtry, vaping display unit, card rack, adjustable shelving, etc.

Store room.

Staff cloak room with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w.- £6,500 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the Husband & Wife team with family help and the assistance of 1 full time staff and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 10 am - 1 am
SUNDAY 11 am - 1 am

Outside

Small garden.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £9,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S SEMI-RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £77,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 38,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote