Popular Asian Supermarket in Hertfordshire

Watford, Hertfordshire
REF: R07313

Asking Price:
£100,000
Annual Turnover:
£360,000
Annual Net Profit:
TBC
REF: R07313

Overview

Tenure:
Leasehold
Established:
2018
  • Loyal client base
  • Wide range of specialist produce
  • Central location
  • Fully-fitted premises
  • No competition

The business for sale is a popular Asian supermarket situated in a bustling area of Hertfordshire.

Since 2018, the store has been offering a wide range of produce from various Asian countries such as China, Thailand and Japan, not commonly found in major chain supermarkets. The store predominantly caters to the local Asian market and has gained a loyal following over the past year.

Now available to the market due to the owner’s other business interests, the buyer would take on a fully-stocked and fitted shop in a busy part of town, with no competition from other Asian supermarkets.

Offering various products originating from Japanese, Korean, Indonesian, Malay, Filipino, Singaporean, Thai and Chinese cuisine, the shop is fully stocked with condiments, confectionary, dried and frozen foods as well as fresh sushi and bubble tea. Its wide selection draws in a large crowd of those from the Asian community, as well as others.

The shop itself operates from a double-fronted, spacious premises which is extremely well-organised. Upon entry, customers notice the various aisles separated into different categories. To the left is a large customer counter and food prep area, and further along is a chilled section. There is also various seating to the right if people want to dine in.

Marketing is mainly carried out through word of mouth, alongside a professional website which displays its offering and opening times.

The current owner would be willing to discuss staying on for a transitional period to ensure a smooth handover.

This is an excellent opportunity to take on a popular shop in Watford with a unique offering and prime position in the town.

Ideal for a current owner-operator of a retail establishment or first-time buyer, the new owner could take steps to grow the business as they see fit.

Further advertising through social media platforms would help to grow its customer base further, as would widening its selection to include other items from other Asian countries.

Extending the opening hours into the evening would also allow more customers to have the chance to shop with Asias Mart.

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  • Town location
  • High street
  • High footfall area
  • Local businesses nearby
  • Public transport access
  • No local competition
Rent
£30,000
Rates
£28,000
Lease Term
15
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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