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Reference G8654

Lucrative Supermarket & Butchers in West Midlands For Sale

Register to see map and to make an appointment Situated in a Parade, excellent main road trading position, densely populated residential area, WEST MIDDLANDS.

Turnover 30,000
Price 295,000

Features

Lucrative Supermarket & Butchers

IMPRESSIVE 7,631.7ft (709M) TREBLE FRONTED SHOP WITH ELECTRIC SHUTTERS, suspended ceiling with fluorescent lighting, 4 sales counters, 4 electronic cash register with EPOS scanning system with back office, CCTV system (32 cameras, 4 monitor), 2 x open cool display unit (3 metres), 2 triple door glass fronted display fridge, 10 x chest deep freezers, 4 gondolas, modern adjustable shelving etc

Meat Counter (out sourced & currently receiving 350 p.w). (18,200 p.a).
Chicken Rotisserie counter (out sourced & currently receiving 500 per month). (6,000 p.a).

2 x Toilet with w.c. and wash hand basin. (Staff).
Basement 449.9ft (41.8M), used for storage purposes + Office.

In addition there is a large warehouse to the rear with walk-in coldroom, cardboard bailer, shelving and forklift truck.

Turnover

WE ARE INFORMED by the owner the turnover currently averages 30,000 p.w. with a gross profit of 25% approx.

Staff

The business is at present operated by the vendor with 4 full time staff employed. with the assistance of 4 part time staff.

Trading Hours

7 Day week
Sunday - Friday inclusive 9am - 10pm
Saturday - 8am - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat with Gas Fired Central Heating, Double-glazed windows in good condition, at present let on a shorthold tenancy providing a rental income of 750 per month

4 Double Bedrooms
Lounge
Bathroom with bath, w.c. and wash hand basin
Kitchen

Outside

Access via service road to yard. Parking space for 2 cars.

Tenure

We have been informed by the vendor that the premises are held on 2 leases from a private landord. 728/730 (to include the warehouse) granted for 7 years in 2020 at a rental of 65,000 p.a. no reviews. We further understand the landlord has agreed a further 7 years lease.

We further understand 732 (to include the accommodation) is held on a 20 years lease from a private landlord from 2020 at a rental of 23,000 for the first year, 24,000 for the following year, 25,000 for the following 5 years, then every 5 years thereafter.

As will be appreciated with the current rental income currently of 33,200 p.a. from the accommodation, meat counter & chicken rotisserie counter the net rental payable at the present time is only 54,800 p.a.

Business Rates from April 2020 32,000 approx. payable (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 295,000 plus STOCK AT VALUATION (125,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 147,500 (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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