CostCutter Convenience Store in North London For Sale

Situated in a parade, excellent trading position, NW LONDON

Turnover £ 6,000
Price £250,000

Features

Costcutter Store

24 hr premises licence (not utilised)
Established 1986

DOUBLE FRONTED PREMISES, in the region of 2,150 ft², WITH ELECTRIC SHUTTERS, cctv (16 CAMERAS), Laminate flooring, plasterboard ceiling with LED lighting.

EPOS cash register, double door freezer, chest freezer, 8m open display chiller, 6 m chiller, double door fridge, adjustable shelving.

Staff cloakroom with toilet and wash hand basin

Large stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. (due to road being closed until End of August 2026, was £20,000 per week prior to road closure) with a Gross profit of 45% approx.

Lots of potential to add alcohol, vegetables fruit and Halal meat

Staff

The business is at present operated by the vendor's relative and with 1 full time staff employed.

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 15 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £36,000 p.a.

Business Rates from April 2026 £20,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

The Purchaser is to be responsible for the Landlord's costs.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote