Supermarket and Butchers in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 10,000
Price £120,000

Features

Well Established Supermarket & Butchers

DOUBLE FRONTED PREMISES in the region of 1,295 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, LED lights, sales counter, 2 x EPOS till, refrigerated Butchers counter, 2 band saw, mincer, scales, modern adjustable shelving, freezers, CCTV system (5 cameras, 1 monitor).

2 Walkin coldroom.

Stock room / Store room.

Staff Toilet with w.c. and wash hand basin.

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 15% approx.

Staff

The business is at present operated by the vendor with 3 full time staff employed (including 2 butchers).

Trading Hours

7 Day week
MONDAY - SUNDAY 9.30am - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 10 years in 2020 with reviews every 5 years (next review 2025 not completed as yet) at a current rent of £35,500 p.a.

Business Rates from April 2025 £4,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote