Supermarket In Famagusta Township For Sale

Business description

This community Supermarket has been a family business for 25 years and enjoys the support and loyalty of over 5.500 residents in the township
Very well established and profitable, it has maintained a healthy financial standing despite the economic gloom
Only one competitor in the township (part of a large national chain) who cannot compete with this family business
Very well appointed and maintained by owners/managers
Due to its location it operates 7 days a week

Freehold Property valued at €1.000.000 for sale or long-term lease together with the business. Annual lease payments €84.000
Also included in Asking Price about €600.000 stocks valued at cost
Asking Price is to sell both Freehold and Business clean of any debt or liabilities.

Property information

Real Estate:

Real Property Included

Location:

Convenient location for both township residents and passers-by, plenty of free parking

Premises details:

Freehold Details:
Plot area 1.013 sq.m.
Built in 2000
Ground Floor/Shopping area: 560 sq.m. including Butcher-shop and Fruit/Vegetable shop
Basement Area/Storage: 435 sq.m.
1st Floor/Storage & Offices: 280 sq.m.
Commercial Elevator connects all 3 floors
Air-conditioned throughout

Business Operation

Years established:

25

Other information

Inventory / Stock value:

€600,000 (included in the asking price)