Well Fitted Convenience Store in Camden Town For Sale

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

Turnover £ 4,500
Price £23,000

Features

Well Fitted Convenience Store

DOUBLE FRONTED PREMISES in the region of 585 ft² with SHUTTERS. Laminated strip floor, suspended ceiling with LED panel lights. Sales counter, cash register, 3.75m open cool display unit, 2 glass topped deep freezers, modern adjustable shelving. CCTV system (5 cameras, 1 monitor)

Kitchen

Staff toilet with w.c. and wash hand basin

Basement in the region of 285 ft²
2 Rooms
Toilet with w.c. and wash hand basin and shower

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 22% approx. In our opinion the business offers terrific potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Personal & Premises licence.

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

PAY POINT £70 per month approx.
EURO Luggage £200 per month approx.

Staff

The business is at present operated by the vendor on a part time basis with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 a.m - 12 midnight

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Small yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

**PLEASE NOTE PURCHASER IS TO BE RESPONSIBLE FOR THE LANDLORDS' FEES**

Business Rates from April 2022 £3,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £23,000 plus STOCK AT VALUATION (£14,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 11,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote