Convenience Stores for sale in City of London

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Much Loved Community Convenience Store

City of London, London, England

  • Leasehold Price: £39,950
  • Turnover: £260,000
  • Gross Profit: £52,000
Seller Reference: B05613
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05613
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market Mini Market Food & Wine, a much-loved community convenience store with over 10 years trading history. Our client recently purchased the business but due to family relocation is reluctantly placing the business on the market.

Due to the need for a quick sale, our client has requested a low asking price to attract early interest.

A new 20-year lease is now in place.

The business currently offers -


  • Convenience goods, essential groceries, frozen food, fresh bread, dairy products and snacks, choice of herbs and cooking sauces, cakes, confectionery, crisps and soft drinks, loose vegetables, fruit.

  • Household products, toiletries, stationery, greeting cards, ice cream, large choice of bagged sweets, children’s treats, fresh coffee to go.

  • Large choice of beers, wines, ciders, spirits and alcohol pops

  • Cigarettes, vaping fluids, Oyster card, batteries, ATM machine.

  • Hermes parcel collection service


Our client is also introducing -


  • Freshly baked morning goods - croissants, pasties, breads

  • Western Union money transfer service


We would advise any new owner also looks to add the following services -


  • Local post office counter services

  • Lottery

  • Mobile phone accessories

  • More lines of snacks, sandwiches to go 


Our client informs us that he has undertaken initial conversations with the Post Office who have offered to a local counter as well as a £32,000 refit allowance too. Any new buyer would be wise to continue with this arrangement.

Location
Mini Market Food & Wine is situated along Franciscan Road in Tooting, South-West London.

The prominent shop unit is located on a busy parade of community shops surrounded by a large residential area as well as being directly across from Franciscan Primary School.

Franciscan Road is accessed just off the A217 which is the main link road through the centre of Tooting, connecting Mitcham through into Wandsworth.

Nearest underground station is Tooting Broadway and nearest mainline station is Tooting, both within 2 mins walking distance of the shop.

The business benefits from free customer parking within the times permitted.

Premises
Main shop -

Greeting card stands ‘Buzz’ sweet stand, 2 x open soft drinks chillers

Large glass topped freezer

2 x 5 tier display gondoliers

2.5 m open chiller - for dairy products and meats

ATM machine

3.5 m open alcohol chiller

Rear Household/ Stationery display area

Bagged sweets and front confectionery shelving unit

L shaped wine display section

Raised service counter - includes till and card machine, cigarette gantry, vaping stand, rear spirit shelving, batteries.

** CCTV monitor - Shop is dotted with 8 cameras

Rear stockroom - fully shelved with fan oven

Staff toilet

2nd stockroom / kitchen area

Access to side alleyway (further storage potential)

Premises are circa 79 sqm.

Tenure
The business is being sold as a Leasehold opportunity with 19 years remaining in a 20-year lease term paying just £18,0000. Current payable business rates stand at £7,600 per year.

Hours
MONDAY TO SATURDAY - 7am - 11pm

SUNDAY - 8am - 10.30 pm

Staff
The business is staffed by our client’s sister and 2 x part time members of staff too.

Financial Profile
The business generates a weekly turnover of around £5,000-£6,000 per week with a targeted annual turnover in excess of £260,000, gross profit of £52,000 and adjusted net profit of £15,000. Stock levels are currently in the region of £20,000.

Tenure:
Leasehold
Listed by:
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