Regents Park Superbly Fitted Profitable Supermarket Post Office For Sale

Business description

LOCATION: On a main road in a densely populated residential area with many blocks of flats nearby. 4 Council parking licenses available.

DESCRIPTION: The premises comprise a superb modern double shop unit. There are external steel shutters, a 28 camera CCTV system and monitored alarm. The main door automatically opens. Internally there is ceramic tiled flooring and a suspended ceiling. Office, storage and ladies & gents toilets in rear.

EQUIPMENT: A substantial quantity of modern fixtures and fittings including two ice-cream freezers, 5 door upright frozen food fridge, 9.5m chiller fridge, two 7.5m cold drinks fridges, 3.8m cold drinks fridge, 2.8m chiller, fully equipped stand-alone bakery/pizza equipment (not A3). Recently the vendor has made a significant investment in a 3 till computerised scanning system and a professional 28 camera CCTV system. PC and a/c unit in rear office.

BUSINESS: This long established popular business is currently taking an amazing £25,000 p.w. plus £2,500 p.w. lottery sales, £1,000 p.w. Oyster sales, plus £5,000 e-top-ups. Can be increased if open longer hours and on Sundays. The owner is supported by 5 F.T. and 2 P.T. staff earning £1,500 p.w. The premises has recently been upgraded to include a Post Office Counter Service, with a post office salary indication of approx. £52,000 pa. Viewing highly recommended for serious purchasers seeking a well run profitable business for long term investment.

HOURS: 7am to 9.30 pm (Mon to Sat). Potential for Sunday opening.

ACCOMM: There is no residential accommodation.

TENURE: Crown lease commenced in June 04 for a term of 15 years (renewable) and the current rent is £32,000 per annum with reviews every 5 years.

RATES: Business rates payable are approx £12,000 p.a.

PRICE: *Price discounted if purchased together with business ref OL2945L

Property information

Property:

Leasehold

Lease terms:

TENURE: Crown lease commenced in June 04 for a term of 15 years (renewable) and the current rent is £32,000 per annum with reviews every 5 years.

Leasehold rent:

£32,000 per annum

Location:

LOCATION: On a main road in a densely populated residential area with many blocks of flats nearby. 4 Council parking licenses available.

Business Operation

Reasons for selling:

Other business interests

Trading hours:

HOURS: 7am to 9.30 pm (Mon to Sat). Potential for Sunday opening.

Employees:

The owner is supported by 5 F.T. and 2 P.T. staff earning £1,500 p.w.

Years established:

1996

Other information

Support & training:

Full handover support and training included in asking price.

Inventory / Stock value:

£50,000

Related documents:

• 
• Compulsory Registration Form to Return Please

Post office salary:

£52,000 per annum