Established London Convenience Store for Sale - Expandable Product Lines, Low Costs
Undisclosed, London
- Status
FOR SALE
- Date Submitted:
11/05/23
- Advert ID
513007
- Reference
INT2727 / Rightbiz
- Call Agent:
- Leasehold: £40,000
- Turnover: £219,000 (£4,212 Per week)
- Net Profit: £10,000 (5% Profit margin)
Business Details
Reputable Convenience Store for Sale in London
Now on the market is an Eastern European convenience store in London, established since 2008 with only one competitor and a large number of regulars frequenting the store.
The focus is mostly on Lithuanian, Polish and Romanian food, and regular customers tend to originate from these countries, although the vendor advises there is scope to expand or adjust the product lines to appeal to a wider group of potential customers.
The premises benefits from relatively low running costs with a very good electricity deal and low rent. The store room is 450cm (177 inches) long and 370cm (146 inches) wide, shop room is 950cm (374 inches) long and 510 (200 inches) wide.
This would be an ideal acquisition for an individual looking for an established shop that can expand product lines.
The Alcohol licence trading hours are 10:00 - 23:00 Monday to Saturday and 10:00 - 22.00 on Sundays.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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