Convenience Store with Off Licence in North London For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, North London

Turnover £ 7,000
Price £60,000

Features

Polish Conveniece Store & Off-licence

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights, sales counter, cigarette draw, modern adjustable shelving, 2 x open cool display unit (2.5 metres), ice cream freezer, glass topped display freezer.

Stock room.
Staff Toilet with w.c. and wash hand basin.
Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the vendor with his dad and brother.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £18,500 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 IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote