Convenience Store with Off Licence in North London For Sale

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

Turnover £ 7,000
Price £120,000

Features

Old Established Convenience Store & Off Licence

DOUBLE FRONTED RETAIL PREMISES in the region of 950 ft² WITH ELECTRIC SHUTTERS & CANOPY, vinyl floor, suspended ceiling with LED PANEL lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x open cool display unit (3.5 metres), open cool display unit (2.5 metres), walls Ice Cream Freezer, CCTV system (6 cameras, 1 monitor) .

Store room.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 20% approx.

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

PAY POINT PULS £650 per month approx.
NATIONAL LOTTERY £25 per week approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 11pm
SUNDAY 9am - 10pm

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 14 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £15,000 p.a.

Business Rates from April 2026 £1,750 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 VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote