Supermarkets for sale in Edgware

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Retail & Shop - Supermarket

Edgware, London, England

  • Leasehold Price: £157,500
  • Annual Net Profit: £111,111
Seller Reference: 7861
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Business Description
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Seller Reference: 7861
Request Details
Business Description
For Sale is a well established International Supermarket that is situated in a thriving central location. Low running costs and huge potential !

New to the market, is this well established and highly profitable International Supermarket (Polish,Romanian,Russian and other) With a fantastic reputation and loyal customer base, it's a great opportunity for any buyer looking for an existing, successful business to walk into.

TENURE: leasehold
STAFF: YES normally 2 members of staff + owners

This charming, independent Supermarket is well regarded in the community, and looking for a new owner who can expand on the fantastic foundations the current owners have put in place.

With the fact it has extended the business into the shop next door makes this opportunity an ideal one for someone who wants a business with plenty of room but also has more potential to add even further lines of stock, It is a store with traditional Polish,Romanian,Bulgarian and many other products, in which provide quality and fresh products.

It is a leasehold opportunity and has just under 7 years left to run with possibility to extend to any desired time as the landlord is very flexible

Well established
Great location, lots of footfall
Excellent transport links surrounding
High street location
Rural, sought after location
High turnover
Double Shop Front
Huge scope for growth
Unlimited growth potential
Ready to trade from day one
Fixtures and fittings included
Large customer database
Loyal clientele

A rare opportunity to own an already profitable Supermarket that has only been in operation for a short time. Poised for huge growth, and for the right person would be able to provide a very good lifestyle.
2 shops (properties) of the same size merged in 2017, huge back area with the possibility to expand as much as the size of the actual shop floor if some structural building works done.
Shop completely renovated in the end of 2017, which includes: new shutters, new floors, new tiles, suspended ceiling, LED lighting installed across the whole property, which massively reduced the cost of electrics, new WC and kitchen, staff room, all new equipment well maintained, air conditioning unit in perfect working order, new CCTV system with 16 high quality cameras,all shelving is brand new, unmarked, clean,2 x POS tills with inventory management system, 2 parking spaces at the rear of the store, side gate for easy access of deliveries, free 20 min parking in front of the store, 2 bus stops near by.
New owner can grow the business by adding more lines,selling Oyster and Lottery, there is no cash machine around so possibility to install one, adding Tobacco unit as so many customers ask for, extending opening hours (currently 9 am- 21 pm)
Premises licence granted from 7am till 24:00 so a lot of potential to grow alcohol sales
Huge Romanian community around this area creates demand for traditional product and expanding fresh meat sales.
There is possibility to display fruit & veggies outside to attract more customers if Licence granted from Harrow Council at some annual cost.
Possibility to split into 2 shops with 2 separate entrances, 2 separate WC, offices etc under one management.
Open to reasonable offers, SAV, £10,000 deposit paid (not included in price).

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