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Reference G8883

Convenience Store with Off Licence in North London For Sale

Convenience Store with Off Licence in North London For Sale
Convenience Store with Off Licence in North London For Sale Buy a Convenience Store with Off Licence in North London For Sale Sell a Convenience Store with Off Licence in North London For Sale Convenience Store with Off Licence in North London For Sale for Sale Convenience Store with Off Licence in North London For Sale for Sale Convenience Store with Off Licence in North London For Sale for Sale Convenience Store with Off Licence in North London For Sale for Sale

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

Turnover £ 14,000
Price £149,000

Features

Convenience Store & off Licence

SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 646 ft². Air conditioning with hot air. Suspended ceiling with concealed lighting, industrial non-slip floor. Sales counter, EPOS till, adjustable shelving, glass fronted upright double door drinks display fridge, 5m door fronted chiller, double door upright freezer, ice cream freezer etc.

Basement in the region of 538 ft²
Office
Stockroom/Storeroom
Kitchen
Staff toilet with w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,000 p.w. with a gross profit of 22%. The business also has Pay Zone and Paypoint

Staff

The business is at present operated by a husband & wife team with the assistance of 2 full time staff employed. We are informed the wage bill averages £900 p.w. approx.

Trading Hours

7 Day week
MONDAY - THURSDAY - 8am - 23.30pm
FRIDAY & SATURDAY 8am - 12 Midnight
SUNDAY 10am - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease from a private landlord, granted OUTSIDE THE 1954 LANDLORD & TENANT ACT for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £38,000 p.a.

Business Rates from April 2022 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,500 (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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