Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Supermarkets & Department Stores Business For Sale
LISTING DETAILS
Firms For Sale ID:
33857
Vendor reference:
AF158
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,500,000
Turnover / revenue:
£5,300,000
Net profit / cashflow:
£345,000
Years established:
60
Trading hours:
Monday to Saturday: 7.00am to 10.00pm
Sunday: 8.00am to 10.00pm
The owner has informed us that he has received information that it may be possible to extend trading to 24 hours.
Number of employees:
25
Employees / staffing:
The current owner has remained at the forefront of the operation, enabling him to manage and control the growth and development of the business. The vendor is supported by an excellent team of circa 25 staff, some having been employed for many years.
OTHER DETAILS
Reason for selling:
After more than 44 years of hard work, the owner now wishes to enjoy the fruits of his labour and spend more time at his overseas property.
Support and training:
Full support, training and handover will be provided to the successful purchaser.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Limited Company operating an Independent Supermarket Chain
Three Freehold Units with Petrol Forecourts
Ref.AF158
Location Scotland
Asking Price GBP 2,500,000
This opportunity offers three profitable, freehold supermarket stores with petrol forecourts, which are extremely well established. The business has been trading for in excess of 60 years and been under the management of the vendor (who has always worked within the industry alongside his family) for 44 years.
All stores are ideally located in convenient locations and benefit from both motor and pedestrian passing trade as well as regular local shoppers the premises are close to all amenities and adjacent to busy trunk roads.
The three supermarket stores operate from circa 3,300 9,000 and 3,300 square feet floor area respectively.
Store 1: Supermarket store and petrol forecourt
Store 2: A small supermarket store with an additional ten small retail units available to let. The units include a fitted out hair salon and cafe area. These units are currently not let and therefore should incur additional footfall and profitability should the new owner choose to go down this route. The option is also there for a new owner to combine the area to comprise of one big retail unit with a petrol forecourt.
Store 3: This comprises of a smaller supermarket store, a large store and a petrol forecourt. There are 4 retail units which are let comprising a take-away cafe, community foods, dog grooming and a hair salon.
The stores each operate petrol forecourts under the Jet brand, which help drive additional sales, plus it has established itself as one of the regions leading independent supermarkets for major brands in freezer products, all associated food and home necessities, fruit and vegetables, snacks, confectionary, and carbonated & soft drinks to the local community.
Market / Competition / Non-Competition Agreements
Limited advertising has been used to date, so there is an opportunity to market the business more aggressively, which should significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.