Off Licence with Late Premise License for Sale in City of London

Description

Business type: off-licence

Location: London

Trading history: 12 years

Profitability: reported as profitable by the seller

Sales

Average weekly sales: approximately £8,000

Weekly sales during summer: approximately £10,000

Financial figures source: seller

Lease and Property Costs

Lease term: 10 years

Lease renewal: available

Rent reviews: every five years

Annual rent: £20,000

Annual business rates payable: approximately £5,000 after discount

Licensed Hours

Premises licence: 8:00 am–2:00 am

Current Opening Hours

• Monday to Saturday: 11:30 am–2:00 am
• Sunday: 8:00 am–10:30 pm

Alcohol Sales

Beer purchase condition: minimum of two beers

Strong alcohol sales: not currently permitted

Licence amendment: subject to application and approval

Services

Current payment service: PayPoint

Services that could be added:

• National Lottery
• Parcel collection and drop-off

Premises

• Basement storage
• Front loading and unloading access
• Parking through a business permit

Staff

• Two full-time employees
• One part-time employee

Reason for Sale

Retirement

Buyer Requirements

Proof of funds: may be requested

Non-disclosure agreement: required before full financial information is released

Enquiries: serious buyers only

Financial Checks

Sales figures: supplied by the seller

Verification: responsibility of the buyer