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8934NN NORTHAMPTONSHIRE LEASEHOLD: £375,000 SUPERMARKET

Asking Price: GBP 375000

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Business Location:	United Kingdom » Nottinghamshire » NORTHAMPTONSHIRE

Category:	Retail » Supermarkets

Description:

Advent Business Sales are delighted to offer
to the open market this recently acquired and
refurbished supermarket with tremendous
scope for growth.
The store had previously been trading as
Kwik Save and soon after closure, our client
acquired the premises.
The store commenced trading in August 2008
and quickly the weekly sales exceeded
expectations.
Our client has monitored the sales pattern
and footfall closely to establish that the
average shop is measured by baskets and
trolleys and not individual items.
The sales area covers an area of 3100 s ft
with perimeter storage areas.
Currently the goods for sale consist of:
• Beers, wines and spirits
• Cigarettes and tobacco
• Sweets, crisps and confectionery
• Groceries
• Convenience, frozen foods and ready
meals
• Household goods
• Ice cream
• Stationery
• Payzone
With further additions of newspapers and
DVD rental imminent.
The premises have been designed with a
brand new refit with a good range of fridges,
freezers, chillers and racking.
To monitor the sales a fully computerised
epos system has been installed with reordering
facilities.
The whole premises are fitted to a very high
standard and are a credit to the owner. This
superb opportunity must be viewed.
Our client has forecasted sales to exceed
£35,000 per week before Christmas, which is
realistic and attainable.
The vendor as well as 3 full time and 5 part
time employees staffs the business.
REF: 8935NN
TRADING HOURS
Mon-Sat: 8am – 8pm
Sun: 10am – 4pm
EXPANSION POTENTIAL
There is tremendous potential to increase
turnover and profits, this could include:
1. Expanding on the width and
assortment of products
2. Increasing till banking area to
accommodate trolley shopping
3. Adding the lottery (which has been
applied for)
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £28,000
Gross Profit: 28%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A modern independent supermarket with the
added security of CCTV, Red Care Alarm
and shutters and consisting of the following:
Ground Floor
Double width doorway leading into
supermarket
Counter point with 3 tills with
office
Epos system
3100 sq ft dedicated sales area
rear storage areas
staffroom
2 x w/c’s
loading bay to rear
External
Private 52 space car park to rear
Paved to shop front
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 25 years
Review every: 5 years
Rent: £45,000 first 2
years, £47,500 per annum years 3 - 5
We are advised that the annual business
rates are currently: £10,600
VIEWINVIEWING
Please DO NOT approach the business or its employees without a prior
appointment.
All appointments are to be made via our office.

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Financial Information:

Annual gross sales: (GBP)	N/A

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	N/A

General Information:

Business Area:

Year Established:	2008

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	No

Number of Employees:	3 full time and 5 part time

No of trading hours:	Mon-Sat: 8am – 8pm Sun: 10am – 4pm

Market competition and expansion:	There is tremendous potential to increase turnover and profits, this could include: 1. Expanding on the width and assortment of products 2. Increasing till banking area to accommodate trolley shopping 3. Adding the lottery (which has been applied for)

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