London Grocery Supermarket Off Licence With High Takings For Sale

Business description

LOCATION: Situated on an excellent location on a main busy high street. There is heavy traffic going past during all times of the day and bus stops close by.

DESCRIPTION: The premises are a double shop unit with a modern glass frontage and electric steel shutters. Internally there is a suspended ceiling and ceramic floor tiling. The width of the premises is 33 ft and the depth is 25 ft (825 sq ft). In addition there is a toilet and a small yard to the rear. There are stairs at the rear which lead down to a very spacious open-plan basement of approximately 1,110 sq ft. There is also a partitioned office in the basement.

EQUIPMENT: The business is fully equipped for the trade including steel retail shelving throughout, 10ft and 4ft dairy fridges, drinks fridge (leased), three chest freezers, ice cream fridge, two digital tills, 6 camera CCTV system, burglar alarm. There is also a large quantity of unused shop fittings in the basement.

BUSINESS: The business is well established and has been trading in it’s current form for around 25 years. We are informed the current takings are £8,000 p.w. There is also £200 pcm profit from Western Union, £600 pcm rental income from an outside fruit stall, and £150 pcm income from a signboard. There is large unused space in the basement to bring into use and potential to introduce further lines of income in the future such as Lottery, Paypoint and Oyster card. The owner is supported by two full time and one part-time staff member.

HOURS: 8am to midnight over 7 days.

ACCOMM: There is no residential accommodation.

TENURE: Lease commenced in Nov 10 for a term of 5 years and the current rent is £27,000 per annum with reviews every 5 years.

RATES: Business rates payable are approx £10,000 p.a.

Property information

Property:

Leasehold

Lease terms:

TENURE: Lease commenced in Nov 10 for a term of 5 years and the current rent is £27,000 per annum with reviews every 5 years.

Leasehold rent:

£27,000 per annum

Location:

LOCATION: Situated on an excellent location on a main busy high street. There is heavy traffic going past during all times of the day and bus stops close by.

Business Operation

Reasons for selling:

Personal Reasons

Trading hours:

8am to midnight over 7 days.

Employees:

The owner is supported by two full time and one part-time staff member.

Other information

Support & training:

Full handover support and training provided.

Inventory / Stock value:

£15,000

Related documents:

• 
• Compulsory Registration Form to Return Please