Asking price: £79,000
Ref ID: BAA2301143
Highlights:
• Busy high street location with heavy daily footfall
• Includes a two-bedroom flat with a private garden and a gate
• Multiple parcel and payment services attract repeat customers
• Now reduced to £79K for fast, motivated sale
Overview:
Thriving Convenience Store & Off-Licence with Accommodation – North London
Now Reduced to £79,000 for Quick Sale – Previous Sale Fell Through Due to Buyer’s Finances
Agilis Advisory presents an exceptional opportunity to acquire a well-established convenience store and off-licence located on a bustling High Street in Enfield, North London. Positioned strategically in front of a busy bus stop, this business enjoys high visibility and steady foot traffic. With a weekly turnover of approximately £5,000 and a recently refurbished premises, this is a turnkey business ready for a new owner to step in and thrive.
In addition to the thriving retail operation, the property includes a two-bedroom flat with a private garden and a separate gate for the flat, offering flexibility as owner accommodation or an attractive subrental opportunity.
Key Features:
• Modern, Fully Equipped Premises: Recently updated with new flooring, ceilings, electrics, and CCTV
• Well-Stocked & Spacious: Features a generously sized counter, plenty of shelving, and substantial storage
• Alcohol Licence: Permitted sales from 06:00 am to 01:00 am, seven days a week
• Enhanced Customer Services: Oyster card service, PayPoint, Payzone, and a newly added InPost parcel locker
• Parcel Collection Partnerships: DHL, FedEx, Amazon, and Royal Mail services bringing in additional customers
• Delivery Revenue Streams: Listed on Just Eat and Deliveroo with great potential for further growth
• Flexible Lease: Secure lease under the 1954 Act with a renewable 11-year term at a competitive rent of £28,000 per annum (recently reviewed September 2024, next review in 5 years)
• Great Margins: Weekly turnover of circa £5,000 with profit margins of 30–35%
• Wide Product Range: Alcohol, tobacco, vapes, soft drinks, groceries, and small gifts like keyrings and toys
Accommodation Benefits:
• Two-bedroom flat with lounge, kitchen, bathroom, and private garden
• Rental potential of approx. £1,600/month due to proximity to Chase Farm Hospital and nursing homes
• Flexible use: Sublet as an AST or retain as owner accommodation
Potential for Growth
• Use of Additional Space: Large stock room with potential for use as a separate business (subject to landlord approval)
• Expand Product Range: Add fresh produce or ethnic grocery lines to attract more customers
• Enhance Delivery Services: Offer meal deals or new product bundles on Just Eat and Deliveroo
• Introduce Lottery Services: Increase revenue and footfall with a lottery terminal
• Benefit from Local Development: New residential block next door will boost future footfall
Additional Opportunity: Freehold Purchase
There may be potential to purchase the freehold from the landlord. There’s also the possibility of extending the shop and building two flats above (subject to planning).
This business is now reduced to £79,000 for a fast sale. The previous buyer had to withdraw due to financing issues – their loss could be your gain. Don’t miss this rare opportunity to own a thriving business in a sought-after North London location.
Enquire now to arrange a viewing.
Location: London
Tenure Type: Leasehold
Leasehold Terms: Annual Rent: £28,700 Lease years remaining: 11 Next Rent Review in 5 years. There may be potential to purchase the freehold from the landlord. There’s also the possibility of extending the shop and building two flats above.
Trading Hours: Mon-Sun: 11:00 to 0:00
Number of Employees: 1
Is accommodation included? YES
Number of Bedrooms: Two-bedroom flat with lounge, kitchen, bathroom, and private garden
Location Details: Located on a bustling High Street in Enfield, North London.
Is this business relocatable? No
Is this business home-based?: No
Is accommodation included?
Is this in administrative/receivership? No
No