Oriental Supermarket for Sale in Peterborough - Flavours Without Borders
Peterborough, Cambridgeshire
- Status
FOR SALE
- Advert ID
650352
- Reference
B09599 / Rightbiz
- Call Agent:
- Leasehold: £45,000
- Turnover: £200,000 (£3,846 per week)
- Profit: Not Applicable
Business Details
Flavours Without Borders – Trend Led Oriental Supermarket with Strong Social Presence
BusinessPlease quote reference B09599
CoGoGo is delighted to bring to the market The Oriental Supermarket, an excellent opportunity to acquire a well-presented and busy Oriental supermarket situated in a prime trading position within the highly sought-after Westgate Arcade at Queensgate Shopping Centre, Peterborough.
Benefiting from exceptionally high footfall, excellent visibility, and consistent daily customer traffic, this business enjoys a strong retail presence in one of the city’s busiest shopping destinations.
Opportunities to secure a unit within Queensgate Shopping Centre are rare, making this a highly desirable investment for both owner-operators and experienced retailers.
The business operates as a well-established Oriental supermarket offering a wide range of Oriental and Asian food products, drinks, snacks, frozen goods, and everyday essentials. The shop has built a loyal and growing customer base while also benefiting from regular walk-in customers generated by the busy shopping centre environment.
The current owner has owned the business since November 2024 and is selling purely due to the demands of managing multiple businesses and time constraints.
There remains excellent scope to further increase revenue by introducing takeaway hot food, subject to the usual application process and approvals. There is also potential to generate additional income streams through services such as parcel collection and courier facilities.
Location
The business occupies a prominent position within Westgate Arcade inside Queensgate Shopping Centre, Peterborough. The shopping centre attracts substantial daily footfall and offers a vibrant retail environment with a wide variety of national and independent retailers nearby. The location provides excellent exposure and strong passing trade throughout the week.
Premises
The premises are well laid out and fitted to a modern standard throughout. The spacious retail area is fully equipped with recently installed fridges and freezers, all of which are in excellent condition. Additional features include:
- CCTV security system
- Air conditioning
- Rear kitchen/preparation area
- Separate storeroom/storage space
- Modern retail fit-out
Tenure
We are advised that this opportunity is being sold on a Leasehold basis, held on a 3-year lease agreement. Approximately 18 months remain on the current lease.
We are advised that the current rent is £16,160 per annum.
Hours
The current operating hours are:
Monday - 9:00 am to 6:00 pm
Tuesday & Wednesday - 9:30 am to 6:00 pm
Thursday - 9:00 am to 7:00 pm
Friday - 9:30 am to 6:00 pm
Saturday - 9:00 am to 6:30 pm
Sunday - 10:00 am to 5:00 pm
Staff
The business is currently run by the owner with support as required.
Financial Profile
The business is being offered for sale at £45,000 plus stock at valuation (SAV). Current stock levels are typically in the region of £20,000.
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Listing Statistics
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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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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