Profitable Halal Butchers Grocery in Prime Ilford Location for Sale
Ilford, London
- Status
FOR SALE
- Date Submitted:
09/07/23
- Advert ID
516353
- Leasehold: £110,000 (Stock at valuation)
- Rent: £12,000
- Turnover: £480,000 (£9,231 Per week)
- Net Profit: On request
Key Features
- Company for Sale
- Prime Location
- Price Reduced
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Small Business
- With Car Park
- Price Further Reduced
- Attractive Business
- Established Business
- Fully Fitted
- Potential for Alternative Use
Business Details
Big Potential Halal Butchers Grocery for Sale Ilford IG2 Gants Hill
Description
We are proud to offer to the market thriving supermarket / Grocery / Butchers specialising in INDIAN GROCERIES and Halal meat. With an variety of fresh produce and cupboard essentials, this grocery business also has a butchery section alongside tasty fruits and vegetables.
Occupying a prime position directly in front of tube station, excellent main road station location trading position, residential, office and commercial area, Ilford, East LONDON.
Full GLASS FRONTED PREMISES in the region of approx 850 ft² with electric CANOPY/AWNING and ELECTRIC SHUTTERS front and rear. CCTV (12 cameras and monitor) tiled flooring, Multipke LED light panels and spot lights. Sales counter, EPOS cash register,
Touch screen till, Weighing Scales,
open display fridge for drinks, 5 chest freezers, 1 x Double standing freezer, 1 x walk in Cold room and 1 x walk in chiller freezer room, adjustable shelving and other butcher-related equipment.
Fitted toilet and sink,
Kitchen – cupboard, sink
Stairs to Large Storeroom to rear of shop with fitted shelving region of approx 150 ft² used for storage. Including 1 x Parking spaces in rear of shop.
Turnover: WE ARE INFORMED by the owner the turnover currently averages £8,000 to £10,000 p.w. with a gross profit of 20-25% approx.
Option to make Oyster sales as premises location is in front of the station. Tremendous potential to develop further complimentary lines and online sales via Uber Eats. Also, furthermore potential to add hot food and hot drinks.
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
Legal Costs:
To be met by the ingoing tenant.
Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment.
Lease : £110,000 plus stock at valuation.
Is accommodation included:
No
Is stock included:
NA
£12,000 per annum rent
The current rent review date is 31 January 2026
Open lease 17 years to 30 January 2041
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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