Caribbean Supermarket in Hertfordshire For Sale

Situated in a parade, town centre, HERTFORDSHIRE

Turnover £ 2,400
Price £85,000

Features

Afro-caribbean Supermarket

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 920 ft² WITH ELECTRIC SHUTTERS, tiled floor, ceiling with fluorescent lighting, sales counter, 2 cash registers, modern adjustable shelving, 3 x drinks display fridge (glass fronted upright), 2 x freezer (glass fronted upright three-door), deep freeze, CCTV system (6 cameras, 1 monitor).

Kitchen.

Toilet with w.c. and wash hand basin.

Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,400 p.w. with a Gross profit of 35% approx.

Staff

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

Trading Hours

(LICENCE 7am - 9pm)
6 Day week
MONDAY - SATURDAY 9am - 7.30pm

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 5 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £18,000 p.a. In addition we understand there is a Service charge of £696 p.a. approx.

Business Rates from April 2024 £1,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£60,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote