Convenience Store and Off Licence in North London For Sale

Terrace property, excellent trading position, expanding residential area close to large hospital, NW LONDON

Turnover £ 5,000
Price £120,000

Features

Newly Established Convenicence Store with Vapes, Confectionary Tobacco Etc

HUGE POTENTIAL TO INTRODUCE AN OFF LICENCE, subject to planning permission.

DOUBLE FRONTED PREMISES in the region of 450 ft², CCTV (8 cameras), Tiled flooring, suspended ceiling with LED lighting.

Sales counter, electric cash register, icve cream freezer, 3 double door fridges, 2m open display chiller, adjustable shelving, etc.

Staff cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. - £6,000 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
24 / 7

Outside

Small yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £32,000 p.a.

Business Rates from April 2026 £8,500 approx. (Please contact local authority to confirm)

The Purchaser is to be responsible for the Landlord's costs.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote