Established Convenience Store with Off Licence in Acton For Sale

Situated in a parade, busy road, residential & commercial area, WEST LONDON ACTON

Turnover £ 7,000
Price £70,000

Features

Well Established Convenience Store with off Licence

SINGLE FRONTED PREMISES in the region of 1,400 ft² with ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with fluorescent lighting. Sales counter, cigarette gantry, cash register, 2-2.75m open cool display units, modern adjustable shelving, ice cream freezer. CCTV system (15 cameras, 1 monitor).

Toilet with w.c. and wash hand basin

Basement in the region of 500 ft² used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 22% approx.

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

NATIONAL LOTTERY £20 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by a husband & wife team

Trading Hours

7 Day week
MONDAY - SATURDAY 11 a.m. - 11 p.m
SUNDAY 10 a.m - 10.30 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £18,000 p.a.

Business Rates from April 2023 £609 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote