Supermarket with Off Licence in Tottenham For Sale

Situated in a parade, busy road, NORTH LONDON TOTTENHAM

Turnover £ 7,000
Price £115,000

Features

International Supermarket with off Licence

FORECOURT FOR SALES OF FRUIT & VEGETABLES

SINGLE FRONTED PREMISES in the region of 1,100 ft² with ELECTRIC SHUTTERS & Canopy. Tiled floor, sales counter, EPOS till, cigarette gantry (not utilised at present), modern adjustable shelving, 6m open cool display unit, 5.5m open cool display unit, glass topped deep freezer, ice cream freezer. CCTV system (15 cameras, 1 monitor).

Stockroom / Storeroom

Toilet with w.c. and wash hand basin

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 35% approx.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 a.m - 12 midnight

The premises has the benefit of a 24 hour licence

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £21,000 p.a.

Business Rates from April 2022 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote