Convenience Store and Off Licence in North London For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 7,000
Price £89,500

Features

Convenience Store Plus off Licence and Newspapers

FORECOURT FOR FRUIT & VEG

DOUBLE FRONTED PREMISES in the region of 420 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette draw, adjustable shelving, open cool display unit (4 metres), open cool display unit (3 metres), 2 glassed topped deep freeze, CCTV system (7 cameras, 1 monitor).

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 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:

NATIONAL LOTTERY £80 per week approx.
OYSTER £50 per week approx.
PAY POINT £10 per week 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 7am - 11pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating require some modernisation. The accommodation comprises:

1 Large bedroom.
Kitchen / Lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £14,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£45,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote