Off Licence in South London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON

Turnover £ 7,250
Price £99,500

Features

Well Established off Licence

DOUBLE FRONTED PREMISES in the region of 850 ft² WITH ELECTRIC SHUTTERS. Wood strip floor, suspended ceiling with fluorescent lighting. Sales counter, EPOS till, 4m open cool display unit, 2m open cool display unit, ice cream freezer, adjustable shelving.

Stockroom / Store room.

Toilet with w.c. and wash hand basin.

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. - £7,500 p.w. with a gross profit of 30% approx.

Staff

The business is at present operated by the vendor with 1 full time staff plus family support.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 10pm

Tenure

The vendor owns the Freehold and subject to satisfactory references in respect of the shop, are prepared to grant a new SECURE RENEWABLE 12 years full repairing and insuring lease with rent reviews every 3 years at a rent of £22,000 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote