Asking price: £90,000

Sales revenue: £480,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Located in up market area of NW London. Busy main road site. Well esb on side past 75 years. Beniftting from both solid customer and supplier base.
T/o c£480,000 pa. Avg. GP c40%. Anticipated NP c£50,000 pa.

Property: Leasehold

Location
Location
Busy shopping area sited on a main road in an upmarket district of NW London. MandS, Waitrose and many other shops attracting trade to the immediate area.

Business
Health Food Store which has been established on this site for the past 75 years (run by the current owner for the past 26 years) benefiting from a regular well informed customer base along with key customer status with major wholesalers and manufactures. Specialising in the sale of health foods, dry foods, books, toiletries, supplements, herb remedies, natural sweets, bread, some frozen and dairy food and chilled foods.

Included in the sale are a dedicated Website with secure online trading, along with dedicated fax and credit card line, customer phone line, telesales line and broadband and EPOS System (Microsoft RMS retails sales system).

Advised takings c£480,000 per annum working on an average 40% gross profit. Anticipated net profit for coming year iro £50,000.

Hours
9am - 5.30pm Monday to Saturday.

Staff
Manager, Full time assistant and 3 Part Time assistants with a wage bill of c£46,000 per annum. Owner/manager would reduce this figure by approx. £25,000 pa.

Premises
Lock up Ground Floor lock up shop with glass frontage and retail area of 534.69 sq.ft. The premises benefit from Intruder and Fire Alarm, air conditioned shop with heat cycle, interchangeable and adjustable shelving system, Hi-Fi system for shop floor, CCTV system with hard disk recording and remote viewing facility.
Rear of the retail area is sited a storeroom, cloakroom and office.

Tenure
3 years remaining on lease (advised inside the landlord and tenant act and new lease will be granted to incoming tenant). Rent £42,775 per annum. Rates y/e --.-.10£9,821 pa.