Af068-westminster, london-asking £185,000 + savsuccessful supermarket

Asking Price: 185,000 £ Real Estate: Lease
Sales Revenue: 1 £
Net Profit: 1 £
Year Established: 1999
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/London

Business types:

Retail

Business categories:

Food Stores

Business description

Independent, Successful Supermarket Retailing major brands in freezer products, all associated food and home necessities, fruit and veg, snacks, confectionary, and carbonated & soft drinks Confidentially offered for sale Ref No: AF068 Location: Westminster, London Asking price £185,000 + SAV This ever growing and successful supermarket was founded in 1977 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and variety of its products its flexibility of service and reliability. The business operates from a prime location in Westminster and has established itself as one of the region’s leading independent supermarket for major brands in freezer products, all associated food and home necessities, fruit and veg, snacks, confectionary, and carbonated & soft drinks to the local community. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail. The business has always believed in the pursuit of excellence, installing new technology, constantly reviewing and updating its service commitment and its methods of business, for example its inventory management system, ensuring that valued customers receive the very best service and quality of product. The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 29 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth. No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover. A key component has been customer service, which is focused to a great extent on the quality of the premises, the place where the reputation of the business can be made or lost. Understanding this has meant that the business has prioritised this area such that it represents as much a high quality showroom for its range of products as it does being point of collection and delivery. Equipment: The business have chip and pin facilities along with phone top up facilities for it’s customers.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: retirement
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Not Disclosed
Location: Not Disclosed

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