Supermarket & Butchers in Ilford For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, ESSEX ILFORD

Turnover £ 16,000
Price £225,000

Features

Convenience Store, off Licence Plus Delicatesen & Butchers

DOUBLE FRONTED PREMISES in the region of 3,200 ft² WITH CANOPY & ELECTRIC SHUTTERS. Sales area in the region of 1,500 ft². Air conditioning with hot air. Tiled floor, suspended ceiling with fluorescent lighting. Sales counter, 2 EPOS tills, 3 cool display counters with refrigerated storage section, cake fridge, double door drinks fridge, 3.5m open cool display unit (used for cheese/milk), double door wine fridge, 3.5m open cool display unit for soft drinks, 3 glass topped deep freezers, modern adjustable shelving, vegetable shelving. CCTV system (cameras and monitor).

Basement in the region of 1,000 ft² used for storage purposes

Toilet with w.c. and wash hand basin

3 Walk-in Freezers.
Dumb waiter.

MEAT FACTORY in the region of 700 ft². Stainless steel extractor unit, (to the rear (3 phase electric)) meat smoker, tumbler, mixer, scales, mincer, 2 cutters, preparation table, double sink and drainer.

2 Walk-in coldrooms
Staff room
Toilet with w.c. and wash hand basin.

Garage with licence for bakery, stainless steel extractor unit (3 phase electrics) (not utilised at present).

Turnover

WE ARE INFORMED by the owner the turnover currently averages £16,000 p.w. with a gross profit of 35% approx.

Staff

The business is at present staff operated with 6 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 11pm

Tenure

WE UNDERSTAND FROM THE VENDOR THE PREMISES ARE HELD ON TWO SEPARATE LEASES.

LEASE 1. We understand the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2018 with reviews every 4 years (next review 2027) at a current rent of £20,800 p.a.

LEASE 2. We understand the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2020 with reviews every 6 years (next review 2026) at a current rent of £20,000 p.a.

Business Rates from April 2021 £9,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASES, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION (£50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote