For Sale

Well Known Butchers And Convenience Store

London, City of London

£24,995 +SAV

Ref: B04901

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe are delighted to welcome MZZ Halal Meat & Grocery to the market.

MZZ Halal Meat & Grocery is a well-known butchers and convenience store and benefits from the majority of their business being repeat customers from the local residential area, however, due to their prominent and convenient location along Portway they also benefit from passing traffic.

MZZ Halal Meat & Grocery provide a variety of halal meat and convenience goods including; canned and fresh produce, everyday toiletries.

The business has lots of potential and could easily be used for multiple purposes including a Cafe, Takeaway, Barbers, Mini bar etc.

Potential to grow the business:

• Provide a loyalty service
• Set-up e-commerce website
• Add extra stock

Please note the business is currently not trading due to the owners family commitments.

Hilton Smythe recommend early viewing to avoid disappointment

Tenure

Leasehold

We are advised that MZZ Halal Meat & Grocery is being offered a Leasehold business with 9 years remaining from the original 10 years, with an annual rent of £12,000.

There are currently no business rates payable.

Hours

MZZ Halal Meat & Grocery is open 7 days a week

Monday - Saturday: 8.00 am – 8.00 pm
Sunday: 9.00 am – 6.00 pm

Staff

The business is managed by our client.

Financial Profile

MZZ Halal Meat & Grocery was generating an advised turnover of £120,000 in 2017 however due to our client’s family commitments we have been advised this will now be approximately £85,000.

We have been advised the current net profit is £20,000

We are advised the assets are worth approximately £5,000 and stock is approximately £5,000

Location

MZZ Halal Meat & Grocery is located at the corner of Meeson Road and Portway in West Ham, London.

West Ham is a district in East London, a large district forming the western part of the modern London Borough of Newham. The area lies immediately to the north of the River Thames and east of the River Lea.

The business also benefits from restricted street parking on residential roads adjacent to the business.

Premises

Clear and visible signage to shop front.

Tiled flooring with central and perimeter racking.

Canned and fresh produce to the central and right-hand side and selection of bottled drinks to the left-hand side of the shop.

To the rear of the premises is the chilled meat counter, behind the counter is the staff toilet facilities.

Equipment:

• Racking
• Shelves
• Chest freezer
• Chilled meat counter
• Scales
• Chilled drinks display unit
• Awnings

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