Business details

Supermarket for sale in Margate Ref: RB599

Business Descriptions

Right Business is delighted to offer for sale this popular convenience store and off-licence, situated in a fantastic trading location. The business benefits from an established customer base, strong reported weekly turnover and the added advantage of a two-bedroom flat above the premises, making it an attractive opportunity for an owner-operator or an experienced retailer looking to expand their business portfolio.

 

Popular convenience store and off-licence

Fantastic trading location

Reported average weekly turnover of £9,000–£10,000

Approximately 15 years remaining on the existing lease

Current annual rent of £16,000, including the two-bedroom flat above

Rent review every five years

Two-bedroom flat above the shop

Parking space available

 

To express an interest in this business and receive the full sales details, please request further information or contact Right Business directly.

Contact: Mr Joseph, Customer Relations Manager
Telephone: 07714 615076
Email: info@rightbusiness.co.uk
Advert Reference: RB599

 

Important Information

These particulars are intended as a general outline only and do not constitute an offer or contract. All information has been provided in good faith but without responsibility on the part of Right Business. Prospective purchasers are advised to make their own independent enquiries and verify all information, including turnover, lease terms, rent, fixtures and fittings, and any applicable licences. Right Business charges a £500 administration fee to the proposed buyer. A holding deposit will be required to secure the business. The deposit secures a period of exclusivity and will be held in the Right Business account in accordance with the agreed terms.

Property Details

  • Size : TBC
  • Business Type : Retail Shop
  • Established Year : 2020
  • Expiry Date :

Other Details

  • Competition : Yes
  • BusinessLocation : Main road trading position
  • Reason for Selling : Due to other commitment.
  • Expansion Potential : Yes

Operation Details

  • Staff : Full-time staff – 2 & parttime staff- 1
  • Trading Hours :MON – SUN: - Mon to Sun: 7.00 a.m to 11.00 pm.

Seller's Info

  • Seller Name :
  • Email Id :
  • Contact :

Business Address

Supermarket for sale in Margate Ref: RB599
  • TurnOver :We are informed the turnover currently averages between £9,000.00 to £10,000.00 p. w in our opinion offering tremendous potential for further increase in the right hands.
  • Business Price :£165000.00
  • Tenure :The premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of £16,000.00 p.a (Including 2-bedroom flat above) with a rent review every 5 years.
  • FOR FURTHER INFORMATION ABOUT THIS BUSINESS