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

Description

An established and profitable off-licence in a high-traffic area of London is available for sale. This 12-year-old business offers strong turnover, long-term lease security, and significant growth potential, making it ideal for experienced operators or investors looking for a thriving retail opportunity.The business achieves weekly sales of approximately £8,000, rising to £10,000 during summer periods. The premises operate under a 10-year renewable lease with annual rent of £20,000 and discounted business rates of £5,000. Rent reviews occur every five years. The premises are licensed from 8:00 AM to 2:00 AM, and current opening hours are Monday to Saturday 11:30 AM to 2:00 AM and Sunday 8:00 AM to 10:30 PM.Staffing includes two full-time and one part-time employee. Services currently include PayPoint with opportunities to add lottery or parcel services. Alcohol sales are limited to a minimum of two beers with no strong alcohol currently permitted, though there is potential to apply for an extended license. Premises features include basement storage, front loading and unloading, and parking via a business permit.The sale is prompted by retirement. Serious enquiries only. All buyers must have funds available and may be required to provide proof before further discussions. A Non-Disclosure Agreement is required prior to disclosure of full financial information. All sales figures are advised and prospective buyers should conduct their own due diligence.