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Supermarket in North London For Sale

Supermarket in North London For Sale
Supermarket in North London For Sale Buy a Supermarket in North London For Sale Sell a Supermarket in North London For Sale Supermarket in North London For Sale for Sale Supermarket in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade of 4 shops, large residential estate, nw LONDON

Turnover 8,000
Price 400,000

Features

Virtually Freehold (we Understand Leasehold Property Approximately 85 Years Unexpired At A Ground Rent of Only 10 Pa Fixed with No Rent Revisions) Self Service Convenience Store, Full Free off Licence

Large front paved area with terrific potential for the display of fruit & vegetables if desired.

Electric shutters to SPACIOUS SALES SHOP in the region of 800 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, electronic cash register, coffee machine (on lease agreement to be taken over), 2.5m open cool display unit (used for soft drinks & beers), 1-3.75m open cool display unit (used for soft drinks & dairy produce), large glass topped chest display deep freezer, upright single door glass fronted fridge, display gondolas, modern shelving, glass topped ice cream deep freezer (owned) etc.

Small stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering tremendous potential for further increase, especially with earlier morning opening. Gross profit 22% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 35 p.w. The business also has Oyster which we understand provides a further commission of approximately 50 p.w. The business also has an ATM machine which we understand provides a commission of approximately 70 per month. In addition the business has Paypoint.

Staff

The business is at present operated by the vendor on a part time basis with the assistance of 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 8.30 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 10 p.m.

Tenure

WE UNDERSTAND THE PREMISES ARE LEASEHOLD HAVING APPROXIMATELY 85 YEARS UNEXPIRED AT A GROUND RENT OF ONLY 10 P.A. FIXED WITH NO RENT REVISIONS FOR THE ENTIRE PERIOD.

Uniform Business Rates: Nil payable after small business relief

OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE LEASEHOLD PROPERTY COMBINED WITH RETAIL BUSINESS, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL TO DEVELOP IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 400,000 plus STOCK AT VALUATION (25,000/30,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 280,000 (long 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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