Recently Refurbished Supermarket in North London

Enfield, London
REF: R07111

Asking Price:
£70,000
Annual Turnover:
£240,067
Annual Net Profit:
TBC
REF: R07111

Overview

Tenure:
Leasehold
Established:
20
  • Well-Established and Longstanding
  • Impressive Financial Profile
  • Friendly and Professional Service
  • Regular and Repeat Clients
  • Ideal Location

The business for sale acts as the leading supermarket/off-license in the surrounding area. The vendor has introduced an ATM service as well as the lottery and parcels collection – popular with the locals. Longstanding and open extended hours, the business generates a significant turnover with excellent profit margins.

Established over 35 years ago, the shop has grown from strength to strength, building a robust database of regular and repeat clients. Its prime location allows for a high footfall from passing trade and excellent parking facilities.

The business is for sale on a leasehold basis.

As customers approach the shop, they face bold signage above a glass-fronted terraced property an awning and ATM to the right-hand side. Inside, the shop is fully stocked with groceries, toiletries and various convenience store products. Behind the counter, there is a cigarettes dispenser and off-license shelving with mixed items for sale.

The shop provides national lottery services, parcel collection and various deals which change regularly. To the rear, there is a storage room with toilet and washing facilities.

For further growth, the business could consider implementing a stronger marketing strategy, both locally and online. The new owner could introduce a website or Facebook page to promote new deals and engage their customers.

The ideal buyer would be someone experienced in the field and willing to invest in taking the business to the next level. This opportunity would also suit an existing trader looking to purchase the property as a bolt-on accessory.

The current owners are willing to negotiate a transitional period to help the new owner familiarise with the business operations.

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  • Busy residential area
  • High footfall
  • Close to local amenities
  • Great links to public transport
  • Complementary businesses nearby
Rent
£10,800
Rates
TBC
Lease Term
TBC
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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