Thriving Convenience Store & Off Licence with Accommodation – North London

Highlights:

• Alcohol licence for daily sales, driving consistent footfall and profits
• Prime High Street location ensures excellent visibility and regular customers
• Recently council-rated 5 stars, refurbished shop with parcel services, PayPoint, and Payzone facilities
• Includes a 2-bedroom flat, ideal for rental income or residence

Overview:

Agilis Advisory presents an exceptional opportunity to acquire a well-established convenience store and off-licence located on a bustling High Street in Enfield, North London. Positioned strategically in front of a busy bus stop, this business enjoys high visibility, steady foot traffic. With a weekly turnover of approximately £5,000 and a recently refurbished premises, this is a turnkey business ready for a new owner to step in and thrive.

In addition to the thriving retail operation, the property includes a two-bedroom flat with a private garden and separate gate for the flat, offering flexibility as owner accommodation or an attractive subrental opportunity.

Key Features
• Modern, Fully Equipped Premises: Recently updated with new flooring, ceilings, electrics, and CCTV.
• Well-Stocked & Spacious: Features a generously sized counter, plenty of shelving, and substantial storage.
• Alcohol Licence: Permitted sales from 06:00 am to 01:00 am, seven days a week.
• Enhanced Customer Services: Oyster card service, PayPoint, Payzone, and a newly added InPost parcel locker.
• Parcel Collection Partnerships: Services include DHL, FedEx, Amazon, and Royal Mail, bringing in additional customers.
• Delivery Revenue Streams: The business is already listed on Just Eat and Deliveroo, offering great potential for further growth.
• Flexible Lease: Secure lease under the 1954 Act with a renewable 11-year term at a competitive rent of £28,000 per annum, recently reviewed in September 2024. The next review is planned in 5 years.
• Great Margins: Weekly turnover of circa £5,000 with profit margins of 30–35%.
• Wide Product Range: From alcohol, tobacco, and vapes to soft drinks, groceries, and small gifts like keyrings and toys.

Accommodation Benefits
• Two-bedroom flat with a lounge, kitchen, bathroom, and private garden.
• Rental potential of approximately £1,600 per month, supported by high local demand due to proximity to Chase Farm Hospital and nearby nursing homes.
• Flexible use: Sublet as an AST or retain as owner accommodation.

Potential for Growth
• Use of Additional Space: There is a big stock room that can be used for separate business. (Requires negotiations with the landlord)
• Expand the Product Range: Add fresh vegetables or ethnic food products (e.g. European or Asian groceries) to attract new customers.
• Enhance Delivery Services: Boost Just Eat and Deliveroo offerings with meal deals and new items.
• Introduce Lottery Services: Increase footfall and revenue by adding a lottery terminal.
• Local Development: A new flat-building project next door is set to drive even more foot traffic to the area.

Additional Opportunity: Freehold Purchase
There’s potential to purchase the freehold from the landlord, offering a chance to secure your investment long-term. There is a possibility to build 2 flats on top of the building and extend the shop area.

This is a rare opportunity to acquire a thriving, high-potential business in a prime North London location. Act now to secure this versatile and profitable venture!