Convenience Store with Butchers in West London For Sale

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

Turnover £ 27,500
Price £350,000

Features

Butchers & Convenience Store

ATTRACTIVE RENTAL INCOME

DOUBLE FRONTED PREMISES in the region of 1,500 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights, sales counter, EPOS till, cool display butchers counter with refrigerated storage section, EPOS till, scales, modern adjustable shelving, open cool display unit (10 metres), 3 display freezers, CCTV system (8 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

2 x Walkin coldroom

Basement in the region of 450 ft², used for storage purposes.

Kitchen.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £25,000 - £30,000 p.w. with a Gross profit of 35% approx.

Staff

The business is at present operated by 3 full time & 5 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8.30am - 8pm

Accommodation

2 SELF CONTAINED FLATS with Gas Fired Central Heating, Double-glazed windows, at present both let on a shorthold tenancy providing a rental income of £2,500 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 4 car.

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 2023 with reviews every 5 years (next review 2028) at a current rent of £39,600 p.a.

(As will be appreciated with the rental income currently of £60,000 p.a. in respect of the self contained maisonette, there is in fact at the present time a profit rental of £20,400 p.a).

Business Rates from April 2025 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote