Hilton Smythe welcomes to the market N & K Wines, established in 2000 and operated by our client since 2010.
Our client is hoping to retire and therefore looking for a quick sale.
The business has a large offering of wines, beers, cigarettes, crisps, ice creams, sweets and toiletries. They also take bill payments at their PayPoint machine as well as lottery ticket sales.
The business can be found on Google with 5 star rated reviews and a 4-star hygiene rating.
There is potential for growth by the addition of:
• Greeting cards
• Newspaper sales
• Extended opening times
• Coffee machine
Hilton Smythe highly advise early viewing to avoid disappointment.Location
N & K Wine is located in Raynes Park within the City of London.
Raynes Park is a residential suburb, railway station and local centre in Wimbledon and is within the London Borough of Merton. It is situated south-west of Wimbledon Common, to the north-west of Wimbledon Chase and to the east of New Malden, in South West London. It is 8.2 miles south-west of Charing Cross
Situated on Approach Road, amongst a variety of other shops, such as a local fish & chip shop, barbers, dry cleaners etc bringing plenty of footfall to the area. The business benefits from local and passing trade.
Directly outside there is a bus stop and Raynes Park train station across the road with excellent communication links to Hampton Court, London Waterloo, Dorking & Shepperton.
There are plenty of parking zones available.
N & K Wines stands out along the busy high street with the bright red signage.Premises
FRONT OF PROPERTY
Doorway leading into the main shop.
There is perimeter racking around the shop with additional shelving. A counter with cash register, PayPoint and lottery machine.
The shop also comprises of:
• Double chiller display,
• Single Chiller display x 2
• Quad chiller display
• Chest freezer.
• CCTV with 4 cameras and CCTV screen
To the rear of the shop is extra storage room with shelving, and staff toilets and door leading to the rear.Tenure
We are advised the business is being sold as a Leasehold business opportunity.
The term of the lease is approximately 12 years and will be re-negotiated with the new owner.
Rent: £13,000 per annum.
Rates we believe to be £0Hours
The business opening hours:
Monday to Saturday: 10.00am – 10.00pm
Sunday: 10.00am – 9.00pmStaff
The business is run and managed by our clientFinancial Profile
N & K Wines generated an advised turnover of circa £260,000, with a Net profit of £19,200 and Adjusted net profit of £22,000
Asset Value in the region of £8,000
The below is based on average weekly takings: -
Paypoint/Payzone commission - £1000 per week
Lottery Sales - £500 per week
These are approximate figures.