Convenience Store with Off Licence in Tottenham For Sale

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

Turnover £ 3,500
Price £40,000

Features

Convenience Store with off Licence, National Lottery & Oyster

DOUBLE FRONTED PREMISES in the region of 1,185 ft²with ELECTRIC SHUTTERS and AWNING. Tiled flooring, suspended ceiling with LED light panels.
Air conditioning. Sales counter, EPOS cash register, 2-3.7m open chillers, walls ice cream freezer, 2m double door freezer, adjustable shelving. CCTV (22 cameras)

2 stockrooms

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 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 £300 per week approx.
OYSTER £90 per week approx.

Staff

The business is at present operated by the vendor on a part time basis, with 2 full time staff employed. We are informed the wage bill averages £700 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 7 a.m - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 17 years in 2022 with reviews every 5 years (next review 2027) then reviews reviews every 3 years at a current rent of £17,000 p.a. plus VAT

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

THE BUSINESS IS SOLELY OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS

Price

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

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote