Mailbox Estates is delighted to present this excellent opportunity to acquire a well-established Supermarket which has been trading for over 50 years, ideally positioned in a busy location benefiting from strong local trade and a loyal customer base.
This is a fantastic opportunity to purchase a long-standing business, currently generating between £16,000–£18,000 in weekly sales.
Reason for Sale:
The owner is selling due to other business commitments.
The Opportunity:
- Weekly turnover of £16,000–£18,000
- Strong 28% to 30% profit margins
- Established business for 50 years
- Staffrun operation
- EPOS reports available
- 11year lease remaining
Location:
- Positioned on a high street results in a lot of footfall passing by.
- Wellserved by public transport, facilitating easy access for customers and staff.
- With high footfall, excellent local amenities, and easy access to surrounding neighbourhoods, this is a prime spot for a convenience store to thrive.
Fixtures and Fittings:
-The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
External:
- Loading and Unloading facilities are also available at the store for smooth delivery operations.
- Stockroom and staff facilities
- Fully equipped with EPOS system
- Spacious retail sales area
- The property benefits from clear signage and a wellpresented frontage
Trading Hours:
Monday - Saturday 7:00am - 7:00pm
Sunday - 9:00am - 7:00pm
Staff:
The business is a staff-run operation with 5 staff, one of them being full-time and the other four being part-time
Tenure:
The site is available by way of assignment of the existing lease which has 11 years remaning and is secured and renewable, with rent reviews every three years
RENT:
£30,000 P/A
Business Rates:
The business is subject to business rates
Trading Information:
Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises
LEGAL COSTS
- Each party to be responsible for their own legal costs in connection with the sale.
- Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally
DEPOSITS
- Successful Buyer(s) will be required to pay a non-refundable deposit of 10% of the sale price.
