Convenience Store in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, North London

Turnover £ 5,000
Price £120,000

Features

Convenience Store & Groceries

24 Hour Alcohol Licence (not utilised)

DOUBLE FRONTED PREMISES in the region of 980 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and fluorescent lighting, sales counter, cash register, cigarette draw, modern adjustable shelving, open cool display unit (7 metres), walls Ice Cream Freezer, CCTV system (16 cameras, 1 monitor).

Stock room, deep freeze.

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

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the vendor with 1 full time staff member.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 10pm
SUNDAY 8am - 8pm

Outside

Brick Build Storage Shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2025 with reviews every 4 years (next review 2029) at a current rent of £30,000 p.a. + VAT

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£40,000 APPROX.)
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