Costcutter Edgware | | Edgware London | | - ADVISED AVERAGE WEEKLY SHOP TURNOVER £30,000 - £12,000 PER ANNUM INCOME FROM CASH MACHINE - SITUATED ADJACENT TO NORTHERN LINE UNDERGROUND - POTENTIAL TO INTRODUCE COMMISSION BASED SERVICES - INSTALLED WITH LATEST COSTCUTTER RUN EPOS SYSTEMS - EXTENSIVE TRADING AND ANCILLARY AREAS - FULLY EQUIPPED AND AIR CONDITIONED THROUGHOUT | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72644
ADVERT IMPRESSIONS : 13,840 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £395000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is situated in a vibrant parade on Watling
Avenue in North West London. Within close proximity to
the store is: Burnt Oak Underground (Northern Line),
Edgware Community Hospital, Mill Hill Broadway
Railway Staion and The M1 (Junction 2).
DESCRIPTION
The store has been fitted and equipped with: 5 Open
Display Chillers, 3 Chest Freezers, Air Con, Digital CCTV
(16 Cameras) and an ATM Cash Machine.
The store trades as a traditional local supermarket
selling: Groceries, Fruit, Vegetables, General Supplies,
Toiletries, Alcohol, Cigarettes, Frozen and Chilled
Produce.
THE BUSINESS
The business was acquired by our clients in 2006, from
which point they invested heavily in refurbishment and
business development. This early investment helped to
develop the business further and increase turnover by
almost 100%. The store now trades consistently at very
high levels generating above average GP’s of over 29%.
A recent and valuable addition to the store was the
ATM cash machine. The terminal is very popular being
situated next to an underground station and as such
generates over £12,000 a year of income through the
commissions received. This welcomed income is off set
against some of the fixed overheads such as rent and
rates to boost overall profitability even further.
Due to the size of the store and the large numbers it
generates the business would only be suitable for
retailers with some experience. The store would make a
superb addition to any portfolio boosting overall cash
flow into an exciting operation considerably.
INTERNAL
Ground Floor
Trading Area Approx 1,800 Sq/ft (167 Sq/M)
Toilets
Kitchen
Basement
Total Approx Area 1,700 Sq/Ft (158 Sq/M)
Office
Cold Room
Extensive Stockroom Areas
EXTERNAL
To the front of the premises there is a popular Bus
Stop with multiple daily routes providing access to
many parts of London. To the rear of the premises
there is access for deliveries directly into the
basement storage areas. There is also some
private car parking for the owners.
TRADING INFORMATION
Our clients have advised us that the average gross
weekly shop sales are circa £30,000 generating a
gross profit margin of around 29%.
Further trading information will be available after
a formal viewing has been conducted.
TENURE DETAILS
The premises are held on 20 year renewable lease
which commenced in 2000 with an annual rent
passing of £38,500. Formal rent reviews are
conducted every 5 years. | | | | | | FOR SALE | | | | | REFERENCE: | BMA622 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
