North London Convenience Store & Off Licence for Sale - Lottery & Oyster, Lease & Stock Included
Tottenham, London
- Status
FOR SALE
- Date Submitted:
19/03/23
- Advert ID
510265
- Leasehold: £55,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Close to Local Amenities
Business Details
Convenience Store with Off Licence in North London For Sale
Convenience Store with off Licence, National Lottery & Oyster
DOUBLE FRONTED PREMISES in the region of 1,185 with ELECTRIC SHUTTERS and AWNING. Tiled flooring, suspended ceiling with LED light panels.
Air conditioning. Sales counter, EPOS cash register, 2-3.7m open chillers, walls ice cream freezer, 2m double door freezer, adjustable shelving. CCTV (22 cameras)
2 stockrooms
Staff cloakroom with toilet and sink
Turnover
WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 22% approx.
commission of:
NATIONAL LOTTERY £300 per week approx.
OYSTER £90 per week approx.
Staff
The business is at present operated by the vendor full time
Trading Hours
7 Day week
MONDAY - SUNDAY 7 a.m - 11 p.m
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12! years in 2022 with reviews every 5 years (next review 2027) then reviews every 3 years at a current rent of £17,000 p.a. plus VAT
NIL Business Rates after full relief
THE BUSINESS IS SOLELY OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55, 000 plus STOCK AT VALUATION
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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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