Profitable Quality Well Established North London Health Food Store For Sale

Business description

This profitable Health Food Store we understand has been established for approximately 75 years and is an integral part of the local community which features highly professional and educated customer base.

SPACIOUS SALES SHOP approx. 66 sq. metres. Air conditioned. Hi Fi system. Tiled floor. Modern interchangeable and adjustable shelving, counter, EPOS scanning system, open dairy cabinet, 1 open display chiller, ice cream deep freeze (owned). CCTV system with hard disc recording and remote viewing facility.

Rear stockroom/office with fridge/freezer
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease for a period of 5 years from March, 2007 at a rental of £41,200 p.a. exclusive of rates, fixed to the end of the existing lease.

Uniform Business Rates: £9,000 p.a. approx. + water rates

THIS OLD ESTABLISHED HEALTH FOOD STORE HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND THERE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, prime trading position, sought after residential and commercial area, LONDON, NW

Other information

Expansion potential:

WE ARE INFORMED the turnover currently averages £8,900 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 40% approx. We are further advised that the draft accounts year ending August, 2009 showed sales of £403,877 with a gross profit of £148,110.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 or near offer plus STOCK AT VALUATION (£25,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 6 p.m.
Sunday opening - 10 a.m. - 2 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.