Convenience Store with Off Licence in New Malden For Sale

End of terrace property, excellent trading position, residential area, NEW MALDEN, SURREY

Turnover £ 7,000
Price £175,000

Features

Well Fitted Convenience Store with Off Licence

DOUBLE FRONTED CORNER PREMISES in the region of 1,000 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette draw, modern adjustable shelving, 3 x open cool display unit (3 metres), Coca-Cola double door fridge, Monster Fridge, RedBull Fridge, open cool display unit (2 metres), 2 glass topped deep freeze, 4 door upright freezer, Ben & Jerry's Ice Cream display freezer, CCTV system (16 cameras, 1 monitor).

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 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:

parcel services £1,500 per month approx.

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 11pm
SUNDAY 8am - 11pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £18,000 p.a.

Business Rates from April 2025 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£60,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote