Supermarket and Butchers in East London For Sale

Situated in a parade, main road trading position, sought after residential area, EAST LONDON

Turnover £ 17,750
Price £220,000

Features

Well Fitted Supermarket

DISPLAY FORECOURT

DOUBLE FRONTED PREMISES in the region of 2,000 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and LED PANEL lighting, sales counter, EPOS till, modern adjustable shelving, 2 x open cool display unit (7.5 metres), ice cream freezer, 2 door glass display freezer, 3 door glass display freezer, CCTV system (16 cameras), etc

Butchers Cool display counter with refrigerated storage section (currently rented out for £1,250 per month).

Staff Toilet with w.c. and wash hand basin.
Kitchen / Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £17,500 - £18,000 p.w. with a Gross profit of 45% approx.

Staff

The business is at present operated by the vendor with son with 2 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 11pm

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £45,000 p.a.

(As will be appreciated with the rental income currently from the butcher section of £15,000 p.a. making the net rent payable of £30,000 p.a).

Business Rates from April 2025 £11,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE JANUARY 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote