Ultra Modern Convenience Store with Newspapers and Off Licence in South London For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, affluent SW London

Turnover £ 30,000
Price £475,000

Features

Ultra-modern Convenience Store, with Newspapers & Off Licence

Loading bay to front.

DOUBLE FRONTED RETAIL PREMISES in the region of 1,000 ft² WITH ELECTRIC SHUTTERS, CANOPY AND AUTOMATIC DOOR, Gerflor Flooring, suspended ceiling with LED PANEL lighting, sales counter, cigarette drawers, 2 x EPOS till (on rental), modern adjustable shelving, drinks display fridge (glass fronted upright sixteen-door), open cool display unit (2 metres), 3 tier walls Ice Cream Freezer, freezer, Champagne cooler (glass fronted), Costa self-serve coffee machine, CCTV system (32 cameras, 2 monitor).

Basement in the region of 1,000 ft², used for storage purposes

Stock room / Store room.
Walkin cold room.
Walkin Freezer.

Separate Shared access to
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Shower Room.
Kitchen / Laundry Room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £30,000 p.w. with a Gross profit of 31.34% approx.

Staff

The business is at present operated by 6 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7 a.m. - 10 p.m.

Licenced to trade until 11 p.m., Sundays 10.30 p.m.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new lease 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £79,000 p.a. for the first 4 years.

The landlord maybe looking to redevelop the site in the future if they do then they will refund 100% of the premium for the first 4 years or 50% of the premium between year 4 and year 8 and 25% of the premium between year 8 to year 16, subject to contract.

ESTABLISED IN 1750 THE PREVIOUS VENDOR RETIRED AFTER 60 YEARS OF OWNERSHIP.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £475,000 plus STOCK AT VALUATION (£70,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 237,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote