This is a Portuguese grocery store located on the highly sought-after Commercial Road in Southampton.
This prestigious store has just completed over one year of trading, offering compelling premium products in the Portuguese market where quality, service, and cost are paramount.
Being the only local retail store providing the taste of home with great traditional foods and an exquisite selection of fine wines and liquors to their customer base, they have gathered great traction, thus a loyal customer base with repeated business of up to 70%, new customers weekly, and room for product development that is still greatly available. The brand has resonated positively by engaging with its demographics via LTOs, new products, social media campaigns, local community-sponsored events, on-going sponsorship opportunities, and calendar activities. Albeit we feel strongly the store hasn’t scratched the surface on the full potential of maximising the international market with products that also identify the cosmopolitan market in Southampton, hence the new ownership would exploit this avenue immediately immensely.
- Asking Price:
- £48,000 Furniture / Fixtures included
- Turnover:
- £50K - £100K
- Net Profit:
- Available on request
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
10 years lease with 3 break, 6 months notice. On year 1 at the present
- Leasehold Rent:
-
£12,000 per annum
- Location:
-
Prime location, Commercial Road links all city in and out of Southampton
- Premises Details:
-
High street
Busy parade
Parking available (walking distance)
- Planning Consent:
-
A3
Business Operation
- Expansion Potential:
-
Expand of product offer, online delivery, international food and addition of perhaps coffee / vapes/ lottery tickets/
- Competition / Market:
-
No near competitors to the offer we provide, with the Students Building and local theatre both pull people into the street
- Reasons for selling:
-
Partnership wishes to move onto a bigger investment
- Trading hours:
-
9:30-18:00
- Employees:
- 2
- Years established:
- New build
Other Information
- Support & training:
-
Happy to support on training
- Furniture / Fixtures value:
- £16,000 - included in the asking price
- Inventory / Stock value:
- £3,000