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Popular Convenience Store & Green Grocer

City of London, London
Leasehold Price:
£85,000
Status
FOR SALE
Advert ID
242349
Reference
B05198 / Rightbiz
Business
Hilton Smythe welcomes to the market An Apple A Day, which is located in a prominent position on Holloway Road. An Apple A Day is a convenience store which specialises in fresh fruit and vegetables, organic foods, whole foods and alcohol along everyday essentials.

The shop is over two floors with the first floor used for storage only, but this could be utilised for other means, as we have been informed by our client that the landlord would be open to suggestions for the use of the first floor area. This could be a coffee shop or just for more produce.

The business has strong Google reviews at 4.2/5 and is being sold with a Facebook site with 5* review.

There are many reasons to buy:

  • High footfall area
  • Vast opportunity for expansion
  • Main road location
  • Large local population
  • There is scope for development
  • Owner manager to drive sales
  • Expand into the first floor area, subject to landlord confirmation
  • Add to current lines to attract further custom
Hilton Smythe highly advise early viewing to avoid disappointment.

 



Location
An Apple A Day is located on Holloway Road, Archway, London N19, between Upper Holloway train station and Archway underground station. Holloway Road is the main A1 leading in and out of central London and the shop is located in a highly populated residential area surrounded by a thriving street full of shops that bring a very high footfall to the area.

Our client has owned An Apple A day for four years and only due to the fact that they are moving abroad are they selling. Due to this our client has not been in the shop and the business has been run daily by the staff.



Premises
To the front of the store is a large canopy area with fruit and veg stands.

Double opening doors bring you in to the shop with tiled floor and service counter to the right. Behind the counter is the tobacco gantry, shelving for spirits, CCTV system, coffee machine, confectionery stand and till.

The main shop is made up of 3 main aisles of shelving, stocking organic and whole foods, fresh food, pasta etc. One of the aisles is predominantly allocated to alcohol. On the other side of the shop there is a large chiller allocated to dairy, fresh meats and drinks. To the end of the shop is a chest freezer and shelving for household goods. To the rear of the shop is a store room.

On the first floor are three large storage rooms, a kitchen and toilet. This area could be utilised as something else, either a coffee shop or just an extension to the current store.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a 20 year lease from 2004 and an annual rent of £20,000

Our clients inform us that they pay business rates at £11,400 per annum.

Hours
7 days a week 9am – 11.45 pm
Opening earlier could be considered to attract further morning trade.




Staff
The business is run by 5 members of staff

Financial Profile
An Apple A Day generates an advised turnover of circa £375,000. We have been informed that this has been circa £500,000 in the recent past
The assets being sold with the business are worth in the region of £5,000
The average stock level is circa £15,000 - £20,000




Listing Details
Leasehold Price: £85,000
Tenure: Leasehold
Location: City of London, London
Sector: Convenience Stores
Financials
Annual Turnover: £375,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05198 / Rightbiz
What's nearby
Within 1 milei:
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