Convenience Store in City of London with Modern Setup and Secure Lease

Description

The business currently averages a weekly turnover of approximately £4,500, with a gross profit of around 22 percent. There is strong potential for growth, particularly through the introduction of wine, beer, and spirits sales, subject to obtaining the necessary Personal and Premises licence.Additional income is generated through commission schemes, including PayPoint at approximately £70 per month and EURO Luggage at around £200 per month.The premises are double-fronted, approximately 585 sq. ft., and fitted with shutters. Interior features include laminated strip flooring, suspended ceiling with LED panel lights, a sales counter, cash register, 3.75m open cool display unit, two glass-topped deep freezers, modern adjustable shelving, and a CCTV system with five cameras and one monitor.Additional facilities include a kitchen, staff toilet with WC and wash hand basin, and a basement of approximately 285 sq. ft. comprising two rooms, a toilet with WC and wash hand basin, and a shower.The asking price of £23,000 includes the secure renewable lease, goodwill, fixtures, and fittings, plus stock at valuation of approximately £14,000. Substantial finance may be available to approved applicants.