Grocery And Off Licence In Streatham For Sale

Business description

Busy high street position . Advised turnover £5750 pw. GP 21% plus off licence takings and cards. Well fitted and stocked shop. 17 years remaining on lease. Rent £16,500 pa. Rates £4,800 pa.

Property information

Property:

Leasehold

Location:

Location
Busy high street position in SW London attracting trade the local residents and office workers.

Business
Convenience store with Off Licence run by the owner with the assistance of family.
Advised turnover c£5,750 per week working on an average gross profit of 21%.
" Grocery c£3000 pw GP 45%
" Cigarettes c£1500 pw GP 7%
" Newspapers c£400 pw GP 25%
" Int phone cards c£700 pw GP 20%
" Top up cards c£150 pw GP 5%.
Off Licence just commenced trading so no figures currently available but potential to substantially increase the turnover.

Hours
8am - 9pm Monday to Friday
9am - 9pm Saturday and Sunday

License
A1

Premises
The property comprises of a Ground Floor lock up shop, full glass frontage, air conditioning and cctv surveillance security.

Interior counter to the front serving off licence and cigarettes. Well fitted out with low level lighting, wall and centre aisle display shelving for goods with refrigerated display units dairy and meat products

Accounts
More detailed information will be available to interested parties who view the business.
Fixtures, Fittings and Equipment
A full inventory of fixtures, fittings and equipment can be provided to prospective purchasers.

Tenure
20 year lease from 2007. 5 yearly rent reviews. Rent £16,500 per annum. Rates c£3,700 pa.