Off Licence plus Convenience Store in South London For Sale

Terrace property, unopposed trading position, residential area, SW LONDON

Turnover £ 7,500
Price £100,000

Features

Off Licence with Convenience Groceries

DOUBLE FRONTED RETAIL PREMISES in the region of 360 ft² WITH SHUTTERS, carpeted (heavy duty) floor, suspended ceiling with LED fluorescent lighting, sales counter, EPOS till, modern adjustable shelving, open cool display unit (3.5 metres), counter top fridge, 2 x display fridge (glass fronted upright door), 2 glass topped chest freezer, CCTV system (6 cameras, 1 monitor).

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 25 - 30 % approx.

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

NATIONAL LOTTERY £40 per week approx.
PARCEL SERVICES £60 per month approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10pm

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 3 years (next review 2029) at a current rent of £19,800 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£15,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote