Convenience Store with Off Licence in Tooting For Sale

Situated in a parade, excellent trading position, opposite railway station, TOOTING, LONDON, SW17

Turnover £ 4,000
Price £75,000

Features

Convenience Store and Off Licence

DOUBLE FRONTED PREMISES, in the region of 226 ft², WITH ELECTRIC SHUTTERS, CCTV (6 cameras), Tiled flooring, suspended ceiling with LED lighting.

The equipment includes counter, electric cash register, modern adjustable shelving, ice cream deep freeze, 2.5m open cool display unit (used for soft drinks & beers), soft drinks fridge, Redbull fridge, etc.

Stairs to large basement in the region of 475 ft², ideal for storage purposes

Staff cloak room w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 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:

BUS PASSES £150 per week approx.
NATIONAL LOTTERY £120 per week approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 6 am - 9pm
SUNDAY 8 am - 8 pm

Licence to 11 pm

Outside

Yard.

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 2016 with reviews every 5 years (next review June 2026) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote