Supermarket for sale in Reading

Reading, Berkshire


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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, densely populated residential & commercial area, BERKSHIRE

WE ARE INFORMED the turnover averages £18,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 15%.

We understand the main shop area is held on a secure renewable lease, the present lease expiring in March, 2027 at a rental of £15,000 p.a. exclusive of rates. We understand that there was a rent review due in March, 2015, however we understand no request for an increase has been received at the present time.

Uniform Business Rates: £4,200 Approx

In addition there is a small shop area adjacent to the main shop also held on a lease, the present lease expiring in March, 2027 at a current rental of £4,800 p.a. exclusive of rates. We understand that this lease does not contain any rent reviews.

Uniform Business Rates: £200 Approx

In addition the rear storage area is held on a separate agreement at a rental of £200 per month.

THE BUSINESS HAS BEEN IN SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Friday inclusive - 8 a.m. - 8 p.m.
Saturday opening - 9 a.m. - 7 p.m.
Sunday opening - 10 a.m. - 5 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £80,000
Tenure : Leasehold
Status: Available
Sectors:
General Stores
Off Licences
Supermarkets
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