For Sale

Well Established Mini Market And Butcher Business

Peterborough, Cambridgeshire

£129,950 +SAV

Ref: 13429 I

Contact sales negotiator

Declan Bottomley

01204556314

Email Declan Bottomley

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Description

Hilton Smythe is delighted to welcome to the market this well-established mini market and butcher business, which is ideally located within Peterborough, Cambridgeshire.



The business was originally established in 1992 and has been in our client’s careful ownership since 2015. Only now is the business being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £480,000 per annum, with a gross profit of approximately 30%.



Our client offers a wide variety of goods including groceries, fruit & vegetables, frozen foods, chilled foods, soft drinks, convenience items, tobacco products and fresh meat and poultry, to name a few. The property boasts a spacious sales and display area, a butcher’s section, two ground floor storage areas and a further storage area to the first floor.



The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.



We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. There is scope to introduce alcohol, with the relevant permission, as we are advised there is interest within the area.



This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended.

Tenure

Leasehold

We are advised Leasehold:



New lease to be negotiated.

Hours

The business is open:



Monday – Sunday: 9.00am – 9.00pm

Staff

The business is owner run and managed with 5 x part-time staff members.

Financial Profile

The business generates a turnover in the region of £480,000 per annum, with a gross profit of approximately 30%.

Location

Medina Food Ltd occupies substantial two storey premises, ideally located within the city of Peterborough, Cambridgeshire. The business is situated within a small parade of complimentary shops and businesses and is surrounded by densely populated residential areas, from which the business derives much of its trade. The convenience store benefits from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.



Peterborough is a cathedral city, situated 75 miles north of London. The city stands on the River Nene, with an estimated residential population of 184,500. The city is a popular place for tourists and culture lovers, with a number of museums, exhibitions and historical attractions, including the beautiful cathedral. The city is also a shopper’s paradise with popular places such as Bridge Street, the Queensgate Centre, the covered market, Westgate Arcade and the Rivergate Shopping Centre.



The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Peterborough railway station is approximately 2 miles away. The area is also well served by the A-roads, with both the A47 and A1139 being within easy driving distance, which links to the national A-road and motorway networks. Stamford is approximately 13 miles away and Cambridge is 38 miles away.

Premises

Substantial two storey premises in an ideal trading location, briefly comprising:



Main shop with:



2 x central display aisles.

Perimeter shelving.

3 x tier ice cream freezer.

Serve over counter with cash register, which is linked to weighing scales.

Large glass top display freezer.

3 x section open chiller unit.

16 x camera CCTV system.

Fully alarmed (linked to home).



Butcher’s section with:



Halal serve over display chiller unit.

Butcher’s block.

Walk-in chiller unit.



Storage room.

WC.

Second storage room with two large storage spaces and three walk-in refrigerators.



First floor with:



Extensive storage area with internal stair access and further storage in the roof space.



External with:



Double fronted covered area with permanent fruit and vegetable displays, which is enclosed with shutters.

On-street parking.

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