Leasehold Supermarket Cafe & Post Office Culmore Stores For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this extremely busy supermarket. Culmore Stores was established in 1997 and has been under current ownership since 2004. The business comprises of a retail supermarket, a post office and a cafe. The supermarket has grown from a turnover of £47,000 to £62,000 a week since our client acquired this business, operating with a gross profit of 22%. The post office salary including the lottery is currently £65,000 and the cafe is turning over £195,000 with a gross profit of 60%. The supermarket is currently trading under the banner of Costcutter and is the largest Costcutter outlet in the UK. The store has had significant recent investment and is in excellent order throughout. Our clients are offering this business to market as they wish to pursue other interests and feel that it is time for others to take the supermarket to the next level. We feel that this opportunity will appeal to the larger symbol groups, locally and UK based or indeed to serious independent retailers. Bag a Business Ltd expect interest in this unique opportunity to be high and would urge early enquiries.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original: 15 years
Remaining: 11 years
Review: 4 years
Rent: £1,990 per week

Living accommodation:

PROPERTY DETAILS 2 storey, 20,000 square foot retail store located within Rathmore Shopping Mall. Gated, and secured utilising the Redcar security system. Briefly comprising: GROUND FLOOR SUPERMARKET Main sales area Entrance from mall via open roller shutter 33 camera CCTV system Tiled flooring and recently replaced suspended ceiling and sprinkler system 24 ft and 40 ft dairy cabinets and 24 ft meat display cabinet and butchery to rear with associated equipment such as mincers, vacuum packers, wrapping machines, sinks, walk in freezer and walk in refridgerater Westmann 5m chill & 5m ambient fruit & vegetable display 6 spacious aisles of shelving display systems Open, low level freezer aisle comprising of 40ft and 24ft cabinets Cigarette and confectionery counter 2 drink refrigerators 5 checkouts with point four scanner system Digital camera printing machine Trolley park Stores to rear with walk in refridgerater and freezer Delivery bay with roller shutter, lift to first floor store, bailing machine, gents cloakroom and w/c POST OFFICE 4 service points 800sq ft floor space CAFE Covers for 60 people Salad bar Hot food display Drinks fridge Coffee machine Griddle, fryer and hotplate Filter coffee machine Milk machine FIRST FLOOR 3,800 sq foot of office space with board room, canteen, staff kitchen 2 staff rooms, 2 manager's offices, ladies & gents toilets, store with lift from delivery bay, hot press, cash room with safes and CCTV monitors, plant room for heating system and compressor room. EXTERNAL Large car park Perimeter gates Alternative entrances

Location:

Culmore Stores is located in Rathmore Shopping Centre, which is set in a heavily built up area on the north side of Londonderry in Northern Ireland. The catchment area comprises of 2,300 houses in the Creggan area, 1200 houses in Bogside and 670 houses in the Rosemount area. The building spans over 20,000sq foot. If required, a larger area of floor space can be utilised for retail. There is a huge car park to the front of the centre, which is fully gated and a security service is contracted to look after the mall. Londonderry is steeped in political history and is the second biggest city in Northern Ireland. It is located an hour and a half north of Belfast via the A6 and M22 and is served by the local Eglinton Airport. Londonderry serves as a gateway to Donegal for holiday makers and is growing fast with significant regeneration projects underway.