Convenience Store and Off Licence in West London For Sale

Situated in a parade, busy road, sought after residential area, W LONDON

Turnover £ 13,500
Price £275,000

Features

Old Established Convenience Store & Off Licence

VERY LOW RENT FOR LOCATION

DOUBLE FRONTED PREMISES in the region of 1,320 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit (3 metres), open cool display unit (2 metres), 2 x drinks display fridge (glass fronted upright double-door), ice cream freezer, CCTV system (16 cameras, 1 monitor) .

Stock room

Kitchen.

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

Aditional Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,500 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 ZONE £10 per week approx.
Commission from ATM .
Banner Advertising £250 p.a.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 11pm
SUNDAY 9am - 9pm

Outside

Rear yard

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 2025 with reviews every 5 years (next review 2030) at a current rent of £21,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 137,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote