Description Seven Up is a well established, traditional off licence and convenience store located in Hammersmith, West London, on a busy main road with heavy footfall during and amongst other independent retailers, plus a number of small hotels and B&b’s.
The business is open 7 days a week and stocks every day goods along with a good selection of beers, wines and spirits. We have been advised that the business generates an income in the region of £5,500 to £6,000 per week with good margins, although the turnover could increase with additional stock lines.
Whilst Seven Up operates from the ground floor of a mid terraced period property, it does benefit from having a basement which is currently used as storage.
Given the location, this is an ideal purchase for a young and energetic owner who can maximize the profits and expand in to a prime West London location.
Sales We have been advised the shop sales currently average £5,500 to £6,000 per week.
Additional sales Oyster sales are in the region of £2500 per week.
Accounts Current records and accounts can be inspected when viewing.
Trading Hours Monday – Sunday 08:00 – 23:00
Staff The shop is managed by the owners with part time staff.
Building External The business operates from the ground floor of a mid terraced period property with good road side signage.
Building Internal The shop is fully open plan in design with a good sized retail area, along with ample shelving. In our opinion and given the overall retail area, the rear of the shop could be used to increase stock lines to include a butchers, bakery or deli counter.
The retail area has a number of central carousels which allow for changing stock lines during the year, along with modern chillers and upright fridges for beers, wines, soft drinks and dairy products.
Seven Up also provides a free to use atm, coffee machine and photo copy service. Under the current ownership an epos system has been installed.
Residential Accommodation There is no residential accommodation for owners/management included within the sale.
Tenure We are advised that the property is held on a 21 year lease which commenced in 2017. The annual rent is £25,000 exclusive (correct as advised on 05.03.18). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary A viewing is highly recommended to fully appreciate the location of this business, which would ideally suit an owner who will be able to maximise the income and profits.
Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kings Business Transfer for full details and further information.