Convenience Store and Off Licence in Forest Hill For Sale

Situated in a parade, busy road, residential and commercial area, near FOREST HILL, LONDON SE26

Turnover £ 5,000
Price £60,000

Features

Old Established Conveniences Store & Off Licence

FREE PARKING TO FRONT

DOUBLE FRONTED PREMISES in the region of 575 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette draw, modern adjustable shelving, 5 x drinks display fridge (glass fronted upright double-door), 2 x glass topped freezer, glass VAPE display cabinet, CCTV system (10 cameras, 1 monitor).

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

Stock room.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 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 £200 per month approx.
PARCEL SERVICES £200 per month approx.

Staff

The business is at present operated by the vendor (part time) 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - Midnight

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 2021 with reviews every 5 years (next review 2031) at a current rent of £13,200 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£25,000 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