Off Licence and slight Convenience Store in South London For Sale

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

Turnover £ 11,000
Price £220,000

Features

off Licence, Slight Convenience Groceries and Oyster

DOUBLE FRONTED SALES SHOP in the region of 750 sq. ft. sales area, suspended ceiling with concealed LED lighting, hardwood floor.

The equipment includes sales counter, EPOS cash register, CCTV (16 cameras), 2 large open cool display units, 2 large upright freezers, Redbull drinks fridge, modern shelving, centre display gondola, etc.

Stockroom

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a Gross profit of 27% approx.

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

PAY POINT £60 per week approx.
OYSTER £50 per week approx.
ATM £50 per month approx.

Staff

The business is at present operated by the Husband & Wife team with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 2 am

The business enjoys a local manopoly on late night opening.

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 2021 with reviews every 3 years (next review 2027) at a current rent of £17,000 p.a.

Business Rates from April 2025 £2,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND OFFERED SOLELY FOR SALE DUE TO THE VENDOR MOVING AWAY.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote