Convenience Stores for sale in Peterborough

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Specialist Convenience Store and Halal Butchers

Peterborough, Cambridgeshire, England

  • Leasehold Price: £69,999  Price Reduced arrow_drop_down
  • Turnover: £350,000
Seller Reference: B05088
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B05088
Request Details
Business Description
Business
Price is plus Stock at Value.

Hilton Smythe welcomes to the market Ammar Food Store and Halal Butchers, which has been a local supermarket specialising in food for the Pakistani and Indian community within the area since 2018 when the business was completely fitted out. 

The business is seeing an impressive annual turnover in the region of £350,000 and is seeing a steady month on month increase. Due to our clients familiy commitments, he advises that he has not had the time needed to commit to the business to realise its full potential and is confident with a more hands-on approach by the new owner that turnover can easily be increased further.

It is the only such supermarket within the area and has customers that come from as far as 20 – 25 miles to purchase the products on sale.  The business also has a 5* hygiene rated halal butchers on site, once again one of only a few in the local area. The business also offers free local delivery.

Ammar Food Store also has Western Union money transfer, which brings in further custom

Our client has earned a strong reputation since opening.  The business has 5* Facebook reviews and our client advertises the business on Google, currently, there is not a website, which is something that we would recommend the new owner of the business to consider to take the business to the next level.

Our client often promotes the business within the local community by helping out in charitable ways whenever possible.

There are many reasons to buy


  • Strong local customer base

  • Many more buyers from a 20 – 25 mile radius

  • Agent for Western Union

  • Recent growth mainly by word of mouth advertising


There is scope for development this growing business by considering


  1. More hands on approach by New Owner to see further increase in turnover

  2. Continued support of the local customers

  3. Hilton Smythe highly advise early viewing to avoid disappointment.



Location
Ammar Food Store and Halal Butchers is located in central Peterborough on Lincoln Road in a highly populated residential area with a thriving shopping community which brings a high footfall to the area. There is parking directly outside the shop and in adjacent side turning close by.

Peterborough is a growing city with the latest Office for National Statistics (ONS) mid year population estimate for Peterborough local authority is 196,640 at mid 2015. The figure represents an increase of approximately 11,040 when compared to the 2011 mid year estimates.

Peterborough has fantastic transport links via bus train and road, the road links include A1(M), A15 and A16 to name but a few.

Premises
There is a parking area to the front of the shop for a couple of vehicles.

To the front of the shop is a canopy that covers fresh fruit and vegetable stands. Upon entry to the shop there is the service counter with tobacco gantry behind, confectionery stand and till.

The shop is well stocked with


  • Multiple shelving across 2 aisles

  • Display chillers

  • Display freezer

  • 4 Chest freezers

  • Halal meat butchers area with 5* hygiene rating and

  • Butchers block

  • Display chiller for fresh meat

  • Walk in chiller

  • There is a staff area with toilet facilities.



Tenure
We are advised the business is being sold as a leasehold business opportunity with a 7 year lease from January 2018.  

The annual rent is £10,800. We are advised that the Landlord is flexible on terms and conditions.

We have been informed by the owner that the business does not pay rates

Hours
The business opening hours are:

Monday - Sunday: 9.00am – 8.00pm

Staff
The business is run and managed by our client, with the help of 3 part time staff members.

Financial Profile
Ammar Food Store generates an advised turnover of circa £350,000 and increasing.

The assets being sold with the business are worth in the region of £20,000 to £25,000.

The average stock level is circa £40,000 - £50,000.

Tenure:
Leasehold
Listed by:
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