Modern Convenience Store with Off Licence in Central London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, CENTRAL LONDON.

Turnover £ 8,500
Price £120,000

Features

Modern Convenience Store and off Licence

DOUBLE FRONTED PREMISES, in the region of 750 ft², WITH ELECTRIC SHUTTERS, ATM, CCTV (8 cameras), industrial non slip lino, suspended ceiling, tube lights.

Sales counter, EPOS cash register. 2 open fronted display chillers, 1 freezer, adjustable shelving.

Store room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.
We are informed the wage bill averages £1,000p.w. approx.

Trading Hours

7 Day week
MONDAY - THURSDAY 8 am - 2am
FRIDAY, SATURDAY & SUNDAY 7am - 3 am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £18,000 p.a.

Business Rates from April 2024 £2,000 approx. after small business relief(Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
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