Busy East European Convenience Store in Degenham, London, with Huge Growth Potential for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
15/07/23
- Advert ID
516689
- Leasehold: £140,000
- Turnover: £310,000 (£5,962 Per week)
- Net Profit: On request
Key Features
- Company for Sale
- Potential for Alternative Use
- Fully Fitted
- High Turnover
- Established Business
- Small Business
- Attractive Business
- Offers Invited
- Retirement Sale
Business Details
East Eauropean Food Convenience Shop, Located in Dagenham, London
A busy convenience store in the Dagenham area, stocking a wide range of essentials alcohol and continental ‘ethnic’ groceries . Large turnover and generous profit together with great potential to grow and an attached events hall together with storage / potential accommodation.
This shop occupies a position in a parade within a busy residential area of Dagenham, London with plenty of regular customers. Trading consistently above £310k , the shop contains numerous shelving and fridge/freezer units providing a wide variety of , groceries, alcohol and ethnic continental products of your choice.
In addition to the extensive store, there is a kitchen, shower area and toilet together with a large rear events hall (with WC). This can be hired out for events providing additional income. There is additional upstairs storage space which could potentially be used as accommodation.
Open to offers. A ready business exists for a new owner to take on and develop.
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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.
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