Convenience Store with Off Licence in South London For Sale

Unopposed trading position, prominent trading position, residential area, SW LONDON

Turnover £ 3,500
Price £45,000

Features

Convenience Store with off Licence

DOUBLE FRONTED PREMISES in the region of 470 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, drinks display fridge (glass fronted upright three-door), modern adjustable shelving, ice cream freezer, Monster Fridge, Lucozade Fridge, drinks display fridge (glass fronted upright sliding door), CCTV system (11 cameras, 1 monitor).

2 Stock rooms.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 30% approx.

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

PAY POINT £30 per week approx.
UPS PARCEL £40 per week approx.
DHL PARCEL £30 per week approx.

Staff

The business is at present operated by the lady vendor with 1 full time staff employed.

Trading Hours

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

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 2019 with reviews every 4 years (next review 2027) at a current rent of £13,800 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 £45,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote