Grocery Shop with Delicatessen in Merton Abbey For Sale

Situated in a Parade, main road trading position, residential and commercial area, SW London. MERTON ABBEY

Turnover £ 7,000
Price £199,950

Features

Hungarian Grocery Shop, Delicatessen & off Licence

SINGLE FRONTED AIR-CONDITIONED PREMISES, in the region of 700 ft², WITH ELECTRIC SHUTTERS, CCTV (4 cameras), Industrial non slip vinyl flooring, solid ceiling with spotlights.

Sales counter, EPOS cash register.

Display chiller (2m), 3 single door fridges, freezer, glass topped freezer, adjustable shelving, scales.

Rear preparation room - sink, 2 fridges, chopping boards, utensils.

Staff cloakroom with toilet and sink. Shower.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the vendor's partner and family assistance as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 10 am - 7 pm
SUNDAY 11 am - 5 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2022 at a current rent of £15,000 p.a. with no rent reviews. We are advised the Landlord will grant a new 5 year lease at the end of the term.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote