Convenience Store & Off Licence in Wandsworth For Sale

Situated in a parade, main road trading position, residential and commercial area, SW LONDON WANDSWORTH

Turnover £ 6,000
Price £95,000

Features

Well Established Convenience Store Plus off Licence

RETIREMENT SALE

DOUBLE FRONTED PREMISES in the region of 550 ft² WITH ELECTRIC SHUTTERS. Wood strip floor, suspended ceiling with fluorescent lighting. Sales counter, under-counter cigarette drawer, 2.5m open cool display unit additional 3.75m open cool display unit, ice cream freezer, CCTV system (8 cameras).

Stock room.

Toilet with w.c. and wash hand basin.

Basement, used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 30% approx. TREMENDOUS PROTENTIAL TO INCREASE WITH ADDITIONAL LINES.

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

NATIONAL LOTTERY £100 per week approx.
OYSTER £30 per week approx.
PAY POINT terminal (not utilised)

Staff

The business is at present operated by a husband & wife team and no staff are employed.

Trading Hours

This unit can be open from 6am - 11pm but currently trades

Monday - Saturday inclusive - 8.30 a.m. - 10.30 p.m.
Sunday opening - 10.30 a.m. - 9 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION in the form of a Flat with Gas Fired Central Heating, comprises:

3 Bedrooms (2 doubles, 1 single).
Kitchen
Loung.
Shower room with w.c. and wash hand basin

Outside

Outside storeshed plus staff cloakroom with w.c. and wash hand basin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in August 2020 with reviews every 4 years (next review 2024) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote