Shop

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
-Staff-run operation
-EPOS reports available
-11-year lease remaining

Location:
-Positioned on a high street- results in a lot of footfall passing by.
-Well-served 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 well-presented 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.

Tenure: Leasehold (15 years)