Busy South Tottenham Convenience Store with Off-Licence for Sub-Lease, £12k Weekly Revenue
South Tottenham, London
- Status
FOR SALE
- Date Submitted:
20/09/23
- Advert ID
599888
- Leasehold: Price on Application (Stock at valuation)
- Rent: £31,000
- Turnover: £550,000 (£10,577 Per week)
- Net Profit: On request
Key Features
- Prime Location
- New Lease
- Planning Consent Available
- Close to Local Amenities
- Potential for Alternative Use
- High Turnover
- Offers Invited
- With Car Park
- Home Based
- Unique Business
- Small Business
- Accounts Available
- Established Business
- Ideal for Full Refurbishment
- Owner Financed
- Attractive Business
- Retirement Sale
- Fully Fitted
Business Details
Convenience Store w Off licence for sub lease
A busy convenience store with
£12,000 per week on average.
The store is well known and highly relied on within the local community with no local competition. There is gym,library, college near by.
The store offers a full range of products such as alcohol, tobacco ( Vapes ) , confectionery, coffe, fresh juice, milkshake and general items of convenience plus oyster
The store does not offer Lottery, Pay Point or Lottery services, these can be added at any time to increase the sales.
THE OPPORTUNITY
* Weekly T/O in excess of £12,000
* Average gross margin 40%
* Current owner happy to offer a handover to ensure the continued success
* NO local competition
TRADING HOURS
* Monday - Sunday - 6:00am to 11:00pm
( The store is licenced to close until 11:00pm )
LOCATION
* The store is within short walking distance from three High schools and a residential area.
* The store has a large prominent shop front with which makes it appealing to local trade.
* The store is well presented and maintained.
TURNOVER
*the turnover is around £12,000 per week on average.
TENURE
* The site is offered with 11yrs lease with a new 12 year renewable lease.
It has 11 years remaining on the lease with the landlord.
STAFF
* The store is owner run with the help of two full time and one part time staff.
The store does not offer Lottery, Pay Point or Lottery services, these can be added at any time to increase the sales.
EXTERNAL
* parking next to shop
* Rear access for loading / unloading.
* GYM library local council across shop
RENT
* The rent per annum is £16,000
- 16000 for shop with a rent review every third anniversary.
BUSINESS RATES
* there are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.
LEGAL COSTS
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlords Legal fees are the buyer and vendors responsibility and are to be shared equally.
Fixtures and Fittings
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
*Successful buyers will be required to pay a non-refundable deposit.
Please call Ibrahim: (available on request) for more info
Thanks
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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