Supermarket for sale in Essex

Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, main road trading position, residential area, ESSEX

WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20/21% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £100 p.w.

The vendor has specifically highlighted the following which in his opinion should improve the sales:

1. Extending shopping hours from 9 a.m. - 11 p.m. each day
2. Pay Pal (currently not offered) only top-ups
3. Newspaper deliveries
4. Potential, subject to availablity of installing a cash machine
5. Photocopy machine
6. Parcel Depot (Lock-up Vault)
7. Serving hatch leading directly onto the street for all the morning & evening commuters
8. Flowers
9. Fireworks

We understand the current tenant is paying a rental of £11,500 p.a. exclusive of rates. We are further advised that the landlord, subject to satisfactory references, is prepared to grant a new 12 years lease at an initial rental of approximately the same, with rent revisions.

Uniform Business Rates: £6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 9 p.m.

TO INCLUDE THE INCLUSE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £85,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Supermarkets
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