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Reference G8737

Impressive Supermarket in Middlesex For Sale

Impressive Supermarket in Middlesex For Sale
Impressive Supermarket in Middlesex For Sale Buy a Impressive Supermarket in Middlesex For Sale Sell a Impressive Supermarket in Middlesex For Sale Impressive Supermarket in Middlesex For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 40,000
Price £395,000

Features

Impressive Supermarket Including Butchers and Bakery

DOUBLE FRONTED PREMISES in the region of 2,800 ft² WITH ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with fluorescent lighting. Air conditioning with hot air. Sales counter, 3 EPOS tills, 6 open cool display units, glass fronted upright double door display freezer, 3 glass topped deep freezers, modern adjustable shelving, CCTV system (32 cameras, 3 monitor) etc.

BUTCHERS SECTION. Cool display counter with refrigerated storage section, electronic scales, mincer, ban saw, cutting machine, sausage machine, cling film wrapping machine, etc.

4 Walk-in coldrooms.

Staff ladies' & gentleman's toilet with w.c. and wash hand basin

Office

Stock room / Store room

Turnover

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

Staff

The business is at present operated by the vendor with 5 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (company landlord) granted for 25 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £90,000 p.a. plus VAT. We understand for 1 year from 30th May, 2022 the rent will be £84,000 p.a.

Business Rates from April 2021 £29,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE JULY 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION (£85,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 197,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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