Convenience Store & Off Licence with Accommodation for Sale

Business Description: Nestled in a prime location on a bustling High Street in the ENFIELD AREA OF NORTH LONDON, our convenience store & off licence enjoys strategic positioning in front of a bus stop, ensuring high visibility and foot traffic. Complementing our store is a well-appointed two-bedroom flat with a garden, offering an attractive accommodation option. Recent refurbishments have elevated the premises, boasting modern amenities and equipment. Presently, our business achieves a robust weekly turnover of circa £6,000, underscoring our strong market presence. In addition to traditional convenience store items, our diverse product range includes alcohol, tobacco, vapes, soft drinks, crisps, groceries, soft toys, and key rings, catering to a broad customer base.

Key Features:

🛒 Store Features: Our premises are fully equipped for trade, benefiting from recent upgrades including new flooring, ceiling, CCTV, and electrics. Featuring a spacious double serving counter, ample shelving, and storage space, we accommodate our extensive product range. Operating with a license to sell alcohol from 0800 – 2300 six days a week, and 1100 - 2300 on Sundays, we provide convenience to our customers with extended trading hours from 11h00 to 23h00.

Tenure & Financials:

🔒 Tenure: Enjoying the security of a lease under the 1954 act with a renewable 11-year term, our premises offer stability and longevity. Currently leased at just £25,000 per annum, with rent reviews due every five years.

🏠 Accommodation: Our two-bedroom flat presents an opportunity for additional income through rental, with a potential monthly yield of circa £1,500. Recognizing the demand for accommodation in the area, especially due to the proximity to Chase Farm Hospital and several nursing homes, there is further potential to capitalize on this aspect of our property.

📦 Additional Services: In addition to our core offerings, we provide parcel services including DHL, FedEx, Amazon collections, and Royal Mail. Our partnership with Just Eat and Deliveroo enhances our revenue streams, while services such as PayPoint, Payzone, further augment our convenience offerings. Recently selected by PayPoint for Royal Mail parcel and Euroexchange services, we continue to expand our service portfolio. Additionally, the addition of bus passes and lottery services could further increase footfall and revenue.

Potential Expansion:

🥕 Product Expansion: We have ample space available to introduce additional product lines, such as vegetable stacks and ethnic food products like European and Asian delicacies, to diversify our offerings and attract new customers.

Business Potential:

📈 Current Operations: With a robust weekly turnover averaging circa £6,000 and profit margins ranging between 35-30%, our business demonstrates strong financial performance. This stability provides a solid foundation for future growth and expansion.

💼 Versatile Opportunity: Our business presents a versatile opportunity for prospective buyers, offering the potential to expand into retail food or alternative ventures. Ideal for first-time buyers or entrepreneurs seeking a turnkey solution, our business model offers flexibility and potential for innovation.

Additional Opportunity:

🏢 Future Development: The upcoming flat building project next door presents an exciting opportunity for increased foot traffic and potential collaboration or partnership, positioning our business for further growth and success.

Contact Information:

📞 For Viewing & Inquiries: (available on request)

Additional Notes: Financial background checks will be conducted for potential buyers. Images of the store front and interior can be provided upon request.