Description An ideal opportunity for a hands on operator or energetic family to purchase Abridge Food & Wine which occupies a prominent trading position within a well populated Essex village, close to Romford.
The area is busy throughout the day ensuring the business attracts high levels of regular local and passing trade at all times. We have been advised by our client that the business was converted to a convenience store in 2013 when the business underwent a major refurbishment program at significant cost in order to provide the current set up.
The store retails an extensive range of retail goods and provides additional services such as Lotto and Pay Zone. This supermarket is a thriving and lucrative business yet still offers terrific scope for future growth and improvement and would therefore ideally suit an energetic family unit who can develop the business to its true potential which will undoubtedly increase the weekly sales whilst ultimately enhancing overall profitability
Sales We have been advised that current retail sales average £3,500 to £4,000per week with good gross profit margins.
Accounts Current records and accounts can be inspected after viewing.
Trading Hours Monday – Sunday 09:00 to 22:00
Staff Staff run with limited daily input from the owner.
Building External Highly visible premises offering spacious ground floor retail space with the benefit of good road side signage.
Building Internal A bright and airy retail space which creates a welcoming environment when entering from the street
The business is fitted to a high standard due to the refurbishment in 2013 and is therefore fitted with a comprehensive range of good quality, modern fixtures and fittings, CCTV and ample refrigeration for beers, wines, soft drinks and diary products and is presented in good condition in general.
Residential Owners accommodation above which consists of: Three bedrooms Living room Fitted kitchen Family bathroom
We have been advised that the flat is currently let out at £1100 per calendar month
On the ground floor there is a studio apartment which is currently vacant.
Tenure We are advised that the property is held on a 15 year lease which commenced in 2013 with a rent of £1,600 per calendar month. (correct as advised on 31.07.17).
Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary A fantastic opportunity to purchase a successful business presented in good condition which is situated in a well populated village location.
A viewing is highly recommended to fully appreciate the overall condition and business in general.
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