Convenience Store with Off Licence in Central London For Sale

Situated in a small parade, main road opposite large Business School, NW LONDON

Turnover £ 6,000
Price £99,500

Features

Convenience Store and off Licence (with Lottery, Oyster and Parcel Services)


DOUBLE FRONTED PREMISES in the region of 475 ft² WITH ELECTRIC SHUTTERS- CCTV (3 cameras), Laminate wood flooring, plasterboard ceiling with tube lighting.

Sales counter, electric cash register. 5m chiller with doors, 2 freezers, adjustable shelving, National Lottery stand, vape cabinet, scales, etc.

Basement used for storage.

Freezer, 3 fridges.

Staff cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 35% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week

MONDAY - SUNDAY 9am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £27,500 p.a.

Business Rates from April 2025 £5,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000 AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote