Locals Supermarket In Tias Lanzarote For Sale

Business description

We are proud to offer as sole agents this locals supermarket in the Los Lirious area of Tias.

Currently run by a Muslim couple there is so much potential with this business. Not only is this a supernmarket but it also has a number of telephone booths prviding cheap calls to overseas from Lanzarote, and the owner also has desks in the shop to provide an internet cafe style service, although at the moment there is no internet connection.

One of the areas to improve would be the range of goods available, as mentioned the business is currently run by a Muslim couple, and due to this they are not selling goods like Pork, ham or alcohol, and tobacco is a no go at present. Given the fact that the nearest supermarket is a good 5 minute drive away, yet it is surrounded by residential properties then the current owners have alot of potential trade tht they are missing out on.

Property information

Real Estate:

Lease

Lease terms:

5 years

Leasehold rent:

€6,000 per annum

Location:

Located on the outskirts of Tias, this supermarket is surrounded by a lare number of residential properties occupied by Locals and Ex Pats alike.

Size in square feet:

450

Business Operation

Expansion potential:

Potentail to expand on product lines and services

Reasons for selling:

Family reasons

Trading hours:

9am - 10pm

Employees:

1

Years established:

6

Other information

Furniture / Fixtures value:

€20,000 (included in the asking price)

Inventory / Stock value:

€3,000