Convenience Store plus Off Licence in North London For Sale

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

Turnover £ 9,000
Price £150,000

Features

Old Established Conveniences Store & off Licence

FRONT FORECOURT

DOUBLE FRONTED PREMISES in the region of 835 ft² WITH SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette draw, modern adjustable shelving, open cool display unit (3 metres), open cool display unit (2.5 metres), ice cream freezer, Monster Fridge, glass topped deep freeze, CCTV system (15 cameras, 1 monitor).

Stock room.
Staff Toilet with w.c. and wash hand basin.
Kitchen

Basement in the region of 215 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 32% approx.

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

PARCEL SERVICE £100 per month approx.

Staff

The business is at present operated by the 2 partners with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 11pm

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 2017 with reviews every 4 years (next review 2029) at a current rent of £16,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote