Supermarket in Middlesex For Sale

Occupying a corner position, excellent High Street trading position, residential, office and commercial area, Middlesex.

Turnover £ 19,000
Price £300,000

Features

Staff Run Convenience Store and off Licence (specialising In International Groceries, Dairy and Prepacked Meat) & Oyster Cards

DOUBLE FRONTED ALARMED PREMISES in the region of 2,500 ft², WITH ELECTRIC SHUTTERS, CCTV (32 cameras). Tiled floor, suspended ceiling with LED light panels.

Sales counter - 2 EPOS cash registers.

3m integrated fridge, 6m dairy display fridge, 2 x 2 double door freezers, meat display chiller, adjustable shelving,

Walkin cold room

Store room.

Office.

Fitted kitchen / staff rest area.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. - £20,000 p.w. with a Gross profit of 45% approx.

We are advised 90% of the stock is delivered directly to the shop.

Staff

The business is at present operated by the staff with 3 full time and 3 part time staff employed.

We are informed the wage bill averages £2,000p.w. approx.

Trading Hours

7 Day week
SUNDAY - SATURDAY 7am - 10 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on 2 SECURE RENEWABLE LEASES (private landlord) both leases (from the same landlord) have 12 years to run at a combined rent of £42,500 pa, we are advised the combined rent increases, each year, by £1,000.

Business Rates from April 2024 £3977 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MARCH 2024 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION (£100,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote