LOCATION:
BTC is delighted to present this organic food and wine with grocery shop business located in East London. The shop has been well-established for the past 20 years, under the same ownership for the past 3 years. Its situated just 3 minutes away from a nearby school, a minute away from the train station, 2 minutes from bus station, 1 mile from shopping malls, and a minute away from the nearest gym, the shop enjoys a prime location in a posh area located between residential and commercial zones. It benefits from excellent proximity to all transport links and experiences heavy foot traffic.
OVERVIEW:
The shop is in excellent condition, fully equipped with all necessary fixtures and fittings. It's strategically positioned and offers a diverse range of products, The business have build strong customer relationships.
This well-maintained business comes fully furnished with essentials including 5 fridges, 3 freezers, a spacious cold room, ample storage, CCTV cameras, an open cool display unit, counter, and more. Everything needed to keep the business running smoothly is already set up.
The store features a basement storage area. With a solid profit margin of 65%, which has been steadily increasing over time. The current owner is selling due to other commitments, so the business is looking for new management with fresh ideas. It has a strong reputation in the local area, evidenced by its excellent Google reviews.
TURNOVER: £16,500 Per Week
POTENTIAL: Business can be significantly increased as currently there is no butchers & bakery, no lottery, no oyster or pay points & not any other upay service so new buyers can add all these services and can also add Coffee and slush machines, UPS parcel services, and Phone repair kiosks to boost the business even more.
RENT: £26,000 Per Annum
RATES: £6000, but currently only paying £3000
TENURE: Leasehold - 17 years lease remaining (Renewable lease)
SIZE: Total 2300 sqft Approx.
* Shop floor 1500 sqft Approx.
* Storage basement 800 sqft Approx.
TRADING HOURS: 7:00 AM to 10:00 PM All days.
ADDITIONAL POTENTIAL: Oncoming buyers can extend the shop's trading hours as it has a license to keep open until late at night.
PRICE: The business is marketed for £350,000 plus SAV. It includes the goodwill, fixtures and fittings.
Call BTC for further details and to book a viewing: --- ---- ---- or email us at [[email protected]]
