Off Licence and Counter Newsagent in North London For Sale

Situated in a parade, main road trading position, densely populated residential and commercial area, NORTH LONDON

Turnover £ 8,500
Price £120,000

Features

Counter Newsagents and off Licence

REFITTED 2021

SINGLE FRONTED PREMISES in the region of 375 ft² WITH ELECTRIC SHUTTERS PLUS CANOPY, industrial non-slip floor, suspended ceiling with LED lights, sales counter, cash register, cigarette gantry, 2 x open cool display unit (2.5 metres), drinks display fridge (glass fronted upright double-door), Slushi machine, Ice Cream Machine, modern adjustable shelving, walls Ice Cream Freezer, wine rack, CCTV system (10 cameras, 1 monitor).

Stock room.

Toilet with w.c. and wash hand basin plus shower.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 22% approx. The vendor has recently introduce slushies and whipped ice cream which are proving very popular. In addition the vendor operates and Oyster Agency earing commission in the region of £50 p.w.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY incusive 7.30am - 8pm
SUNDAY 9am - 7pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2020 with reviews every 4 years (next review 2028) at a current rent of £16,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£20,000 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