Off-license shop for sale in City of London, strong foot traffic and residential support

City of London, London, ID 166539

Description

Off-Licence in North London

Business type: off-licence and convenience retail

Location area:

Seven Sisters
Manor House
Stamford Hill

Tenure: leasehold

Trading Position

Position: between the Manor House apartments and Artists Village

Local residential catchment: approximately 2,000 people

Nearby competing shops: limited

Trading period: year-round

Daily customer flow: regular

Nearby Amenities

Bus stops
Cafes
Apartment buildings
Residential developments

Product Range

Spirits
Wine
Beer
Non-alcoholic drinks
Energy drinks
Snacks
Vaping products
Convenience goods

Opening Schedule

Late-night trading: available

Premises

Retail sales area
Product shelving
Display units
Refrigerators
Storage space
Staff facilities

Included in the Sale

Fixtures
Fittings
Shelving
Display equipment
Refrigerators

Financial Information

Current turnover: £260,000

Reported profit: £75,000

Annual rent: £19,200

Recent turnover trend: increasing

Asking Price

Leasehold price: £55,000

Customers

Repeat customer base: established

Local community trade: regular

Handover

Transition support: available

Development Options

Expand the convenience product range
Increase local marketing
Develop repeat customer activity
Add further chilled products

Details

Real Estate: Lease

Support from seller: Training provided

Asking price: 55 000 gbp

Turnover (per year): 260 000 gbp

Net profit (per year): 75 000 gbp

Rent (per year): 19 200 gbp