Well Fitted Supermarket & Butchers in Hendon For Sale

Situated in a parade, prominant corner position, excellent main road trading position, residential and commercial area, NW LONDON HENDON

Turnover £ 10,000
Price £175,000

Features

Convenience Store, Butchers, Fruit & Vegetables, Cigarettes, Confectionery

External display racking for fruit and vegetables

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, suspended ceiling with LED spot lights, wood strip floor. Sales counters, 2 scanner tills with integral scales, 2-4.5m open cool display units, 8 glass topped chest freezers, 6m refrigerated meat counters, scales, mincer, gravity meat slicer, wrapping machine, butchers block, sausage machine, large chicken rotisserie. Modern adjustable shelving, oven for bread and pastries. Hand wash basins.


Walkin chiller (3m x 4m)

Staff toilet with sink.
Kitchenette.

2 Store rooms

Door to parking at rear.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 40% approx. Meat sales approx. 30%.We understand the vendor has applied for Payzone.

Staff

The business is at present operated by the vendor on a part time basis with 1 full time staff employed plus 2 part time staff.
We are informed the wage bill averages £700 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY inclusive 8am - 11pm

Outside

Parking at rear for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £35,000 p.a. plus VAT. We are advised by the vendor over the next 5 years the rent increases by £1,000 p.a. The landlord also requires 6 months rent deposit.

NIL Business Rates to be assessed (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote