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Reference G7795

Supermarket in West London For Sale

Supermarket in West London For Sale
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Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential & commercial area, LONDON, W

Turnover 15,000
Price 69,995

Features

Self Service Convenience Store

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,500 sq. ft. sales area. Quality tiled floor, new suspended ceiling with LED lighting. Well equipped including counter, 2 tills (1 with EPOS scanning system), modern adjustable shelving, 3 open Arneg cool display units, glass topped deep freezers, 2 glass fronted display fridges, walk-in deep freezer, walk-in coldroom.

Large stockroom approximately 1,000 sq. ft. with shelving
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 15,000 p.w. in our opinion offering further potential to increase in the right hands & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. WE ARE FURTHER ADVISED THAT THE GROSS PROFIT IS IN EXCESS OF 40%.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 2 part time staff.

Trading Hours

7 a.m. - 9 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from November, 2016 at a rental of 50,000 p.a. exclusive of rates up to November, 2021 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 16,100 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 69,995 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 34,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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