Asian and Caribbean Store in Oxfordshire For Sale

Occupying a corner position, unopposed trading position, residential area, Oxfordshire.

Turnover £ 2,000
Price £66,000

Features

Asian & Caribbean Food Store

6 DAYS OPENING
£22,000 NET PROFIT

DOUBLE FRONTED PREMISES in the region of 450 ft² with laminated strip floor, sales counter, EPOS till, modern adjustable shelving, drinks display fridge (glass fronted upright), 3 x glassed topped deep freezers, CCTV system (4 cameras, 1 monitor).

Stock room.

Staff Toilet with w.c. and wash hand basin.

Kitchette

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

6 Day week
MONDAY - FRIDAY 9.30am - 8pm
SATURDAY 9.30am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £16,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £66,000 plus STOCK AT VALUATION (£22,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 33,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote