Convenience Store For Sale
LOCATION:
The business has been operating successfully for 30 years in Finchley on a busy crossroads with no nearby competitors. It is close to both residential and commercial areas and has great potential for growth. There is also a bus stop right in front of the shop which makes it convenient for transportation.
Reason for Sale: The current owner recently took over the business but now faces urgent family commitments that require their immediate attention.
OVERVIEW:
This business has earned a loyal customer base over the years by offering quality products and excellent service. Oncoming buyers can take advantage of this solid base of regular customers and grow it further with effective marketing strategies.
The business comes with modern shelving, refrigeration units, point-of-sale systems, and security systems to help the business operate smoothly. The store layout is arranged for convenience, improving the shopping experience for customers.
SIZE: Total area - 1200 sq.ft approx. (Floor space: 600 sq.ft approx. & Storage space: 600 sq.ft approx.)
POTENTIAL: There is significant opportunity to increase business revenue. Currently, the shop does not offer lottery services, Oyster cards, or parcel commission, all of which are in high demand in the area. Introducing these services could lead to increase more revenue. Additionally, the new owner could consider adding coffee and slush machines, as well as a phone repair kiosk, to further enhance the business. An Amazon service counter outside the shop could also generate an additional £2,000 per year. Expanding the inventory and offering more products would further boost sales.
Previously, the lottery generated approximately £1,000 per week, and parcel commission was around £200 per month, both of which present significant revenue opportunities.
TURNOVER: £17,000 Per Week
TENURE: (Council lease) 15 years lease left.
RENT: £16,000 Per Annum
RATES: No Business Rates.
TIMINGS: Monday to Saturday: 7:00 AM to 7:00 PM (7:00 AM to 2:00 PM)
Additional Potential: The oncoming buyers have the opportunity to extend the trading hours, which could further boost sales. Additionally, there is extra space at the rear that could be converted into a bakery in the future, offering the potential to generate more income.
The business is marketed for the goodwill of £395,000?plus?SAV it including all the fixtures and fittings.
For further information, please contact the BTC Commercial and Investment team on 0208 889 7474 or commercial@btcint.com.
Tenure: Leasehold
Tenure: Leasehold
No EPC available for this property
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Rights and Restrictions
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Risks
| Flooded in last 5 years | Ask Agent |
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