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Crouch End, North London - Convenience Store For Sale

London, London
Asking Price:
£200,000 Furniture / Fixtures included
Turnover:
£342,621
Net Profit:
Available on request

Established 2010
Annual Turnover £342,621
Gross Profit £102,715
High Footfall Area
Low Rent
Superbly Presented
EPC - D

REF 5551 - Leasehold Convenience Store & Off Licence

Blacks Brokers are proud to bring to the market this leasehold convenience store and off licence located within the much sought after and affluent area of Crouch End, London.

INTRODUCTION

Fresco Supermarket Ltd has been trading here on Tottenham Lane in Crouch End, since 2010. The business has become well known and popular during that time, with a great reputation and has firmly established itself within the local community.

LOCATION

Crouch End is an exceptionally popular and busy area of north London, in the London Borough of Haringey. This business is located on the busy A103 in Crouch End, North London. The area is popular with residents, businesses, commuters and tourists, with Alexandra Palace and the Emirates Stadium both close by.

REASON FOR SALE

The business is only being offered for sale due to our clients other business commitments.

LEASE

The building is available on a competitive rent on an Internal Repairs Only lease. The current lease is 10 years. The current lease began in 2011 at a cost of £20,000 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within a large, three storey, end of terrace property within a busy parade of shops. Well branded with clear signage on display, the shop stands out from the crowd. Inside, stock is displayed on a variety of shelving, central gondolas and display fridges, with some fresh produce positioned within the entrance to the shop. The premises are well presented throughout, with tiled flooring and customer servery to the rear with a large stock area including a walk in cold room, kitchenette and staff toilet. All areas are presented to a high standard and a full inventory is available on request.

STAFF

Currently the business employs four members of staff, two full time and two part time.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates weekly takings of £15,000 with strong and consistent gross profits. Most customers are from the local area as one would expect.

SUMMARY

This is a fantastic opportunity to acquire a superbly presented convenience store in an excellent and very busy trading location in the affluent area of Crouch End. The business is exceptionally popular and consistently busy. This proposition would ideally suit an owner operating team who could push the business forward and build upon the foundations already in place. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat: 8:00am - 12:00pm
Sun: 8:00am - 11:00pm

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