Established Supermarket with Pastry and Butchers in Hendon, London for Sale
Hendon, London
- Status
SOLD / WITHDRAWN
- Advert ID
612195
- Leasehold: £300,000
- Rent: £19,200
- Turnover: £728,000 (£14,000 Per week)
- Net Profit: On request
Business Details
International Supermarket with pastry and butchers for sale in Hendon London
For sale is a well-established supermarket in Hendon, London that includes a pastry and butcher section. The business has been a staple in the community for 27 years and I have had the privilege of running it for the past 5 years. Last year the entire supermarket underwent a full-scale renovation; we installed all new fridges and freezers.
The business is listed at a leasehold price of £300,000; it has an impressive turnover of £728,000. The lease is a 12-year transferrable lease. However, we remain open to negotiations. In addition to the revamped fridges and freezers, all fixtures and fittings that were replaced or added during the renovation are included in the price.
The supermarket, bakery, and butcher sections are fully stocked and ready for business. The building is situated on the main road at Vivian Avenue, just in the town centre, a location that sees plenty of foot traffic and has little competition.
A living accommodation comes with a well- fitted studio flat. Circumstances related to health are forcing this sale, but the potential for growth here is tremendous. The supermarket operates every day of the week from 8am to 11pm and employs six dedicated staff members.
Furthermore, we are prepared to offer training to the new owners to ensure a smooth transition. Please feel free to contact me for comprehensive details about this lucrative business opportunity.
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Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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