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Convenience Store for sale

Maple Road, London, SE20

Guide Price £70,000

Property Description

Commercial information

  • Business for sale

Key features

  • Traditional off licence
  • Advised weekly takings in the region of 13,000
  • Parade location on busy road
  • Loyal and regular customer base

Full description

The Wine Garden is a traditional off licence occupying a prime trading location, situated on a very busy side road in South East London. It is surrounded by a mix of independent retailers and the immediate surrounding area is a highly built up, and densely populated residential area.

The business has a healthy passing trade and this is complemented by the surrounding businesses which include take away's and convenience stores.

The Wine Garden was purchased by our client in 1999 and therefore boasts an extremely loyal and regular customer base, offering and extensive range of beers, spirits and liquors. We are informed by our client that the average weekly sales are approximately 13,000.

The profitability of the business could be enhanced as it's currently run under management but would ideally suit an enthusiastic operator who could move the business on to the next level.

Currently shop sales average 13,000 approximately.

Current records and accounts can be inspected when viewing.

Monday - Sunday 11:00 - 23:00

Operated under management with full and part time staff.

Situated on a parade location, The Wine Garden operates from the ground floor of a three storey mid terraced property.

There is no residential accommodation for owners/management available.

The vendors own the property and will grant a new FRI lease (subject to contract) for a period of 15 years at an initial rent of 20,000 exclusive of rates. Rent reviews are at years 3, 8 & 13

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

An exciting and rare opportunity to acquire a well-established business which has been under the same ownership since 1999 and benefits from a loyal and regular customer base. An early inspection is recommended to avoid disappointment.

More information from this agent

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