Supermarket in North London For Sale

Situated in a parade, just off High Street and within easy walking distance of Park and tube, NW LONDON

Turnover £ 19,000
Price £300,000

Features

Busy Supermarket

NEWLY FITTED TO A HIGH STANDARD 2021

FORECOURT 1.2 meter x 8 meters

DOUBLE FRONTED PREMISES in the region of 2,360 ft² with ELECTRIC SHUTTERS and CANOPY. Vinyl floor, ceiling with LED lights, sales counter, 2 EPOS tills, modern adjustable shelving, 7.5m open cool display unit, 3.7. open cool display unit, 6m open cool display unit, 3.25m open cool display unit, glass fronted 6m freezer, 3 double door freezers, ice cream freezer. CCTV system (28 (4k) cameras, 2 monitors).

Basement in the region of 500 ft², used for storage purposes.

Toilet with w.c. and wash hand basin

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £19,000 p.w. with a gross profit of 27% approx.

Staff

The business is at present operated by the family

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m - 11 p.m
SUNDAY 9 a.m - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £34,000 p.a.

Business Rates from April 2023 £4,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION (£45,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote