Well Established Off Licence & Convenience Store in Camberwell For Sale

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

Turnover £ 4,500
Price £40,000

Features

Well Established Confectionery, Tobacco, Convenience Groceries, Full Free off Licence, On Line National Lottery

SINGLE FRONTED SALES SHOP in the region of 915 ft² approximately 4m wide x 12m depth. Tiled floor, LED lighting. Counter with marble top, electronic cash register, 1 double door glass fronted display fridge (on loan from Coca Cola), 1-3.75m Arneg open cool display unit, deep freezer, fridge, modern shelving, 5 cameras, 1 monitor plus recording.

Cellar in the region of 270 ft² currently let as a Nail Bar at a rent of £1,100 per month

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £70 p.w. The business has Oyster which provides a further commission of £450 per month, Money Transfer providing an additional commission of £200 per month. The business also has Imost Parcel point providing a further commission of £1,200 p.a.

Staff

The business is at present staff operated. Staff employed 2 full time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Thursday inclusive - 8 a.m. - 9 p.m.
Friday & Saturday - 10 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 8 p.m.

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 2024 with reviews every 5 years (next review 2029) at a current rent of £18,000 p.a.

Uniform Business Rates: Nil payable after small business relief (Please contact local authority to confirm).

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS NOW SOLELY OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTING £40,000 plus STOCK AT VAUATION (£10,000/£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote