LOCATION:
BTC is delighted to present this convenience shop business located in North West London. Its situated just 3 minutes away from a nearby school, a minute away from the train station and bus station, 1.5 mile from shopping malls, and a 5 minutes away from the nearest gym, the shop enjoys a prime location in a posh area located between residential and commercial zones. It benefits from excellent proximity to all transport links and experiences heavy foot traffic.
OVERVIEW:
Great opportunity to acquire well-established business under the same owner from past 35 years, The shop is in very good condition, fully equipped with all necessary fixtures and fittings. It's strategically positioned and offers a diverse range of products, The business have build strong customer relationships.
This well-maintained business comes fully furnished with essentials including fridges, freezers, ample storage, CCTV cameras, an open cool display unit, counter, and more. Everything needed to keep the business running smoothly is already set up.
The store features a basement storage area. The current owner is selling the business due to age-related issues, making it a genuine retirement sale, so the business is looking for new management with fresh ideas. It has a strong reputation in the local area.
TURNOVER: £11000 Per Week
Breakdown of Turnover:
* News Paper and Magazine: £2500 per week
* Oyster: £400 per week
* Lottery: £600 per week
* Pay Point: £150 per week
Additional Income from the shop
* Printing machine £200 per month
* Parcel commissions £1300 per month
* Newspaper round commission: £2800 per month
RENT: £25,000 Per Annum
RATES: £7000 Per Annum
TENURE: Leasehold - New 15 years lease will be issued under landlord tenancy act.
SIZE: Total 710 sqft Approx.
* Shop floor 430 sqft Approx.
* Storage basement 150 sqft Approx.
* Space at rare - 130 sqft Approx.
TRADING HOURS: 8:30 AM to 05:30 PM All days, Saturday - 9 am-4:30 pm (Sunday closed)
ADDITIONAL POTENTIAL:
Currently the shop closes at 5:30 PM. But, they have license to keep it open until 11:00 PM. So oncoming buyer can extend the hours which will help to boost sales and make the business more profitable, Also, New owner can start services such as coffee and slush machine, phone repair and key cutting to increase the sales.
PRICE: The business is marketed for £150,000 plus SAV. It includes the goodwill, fixtures and fittings.
Call BTC for further details and to book a viewing: --- ---- ---- or email us at [[email protected]]
