LOCATION:
Opportunity to acquire this Organic and Vegan Grocery off license Business in East London with high profit margin. Located in a prime location near both commercial and residential areas, the business graces the bustling high street in one of the posh area, The shop is very close to schools, surrounded by numerous bus stops, and a minute away from the train station, accessibility is a key feature. With proximity to a football club and gym just a mile away, the location is ideal.
Genuine Retirement Sale
The existing business management comprises an elderly couple who may face challenges in overseeing operations. As a result, Business is in a need for new management with fresh ideas.
OVERVIEW:
The shop is in Brand New condition and spacious, strategically positioned with a variety of products & having good customer relations. This well-maintained business comes fully equipped with essentials that including chillers, 2 epos, a storage room, CCTV cameras, deep freezers, an open cool display unit, fridge, counter, and more. Everything necessary to continue the business seamlessly is already in place.
New buyers won't have to spend a penny, as the space is fully equipped and in brand-new condition. This means that anyone can start their business the very next day without incurring any additional costs.
TURNOVER: £8,000 Per Week
POTENTIAL:
There is a huge potential for growth. The business currently focuses on organic and vegan food, but Oncoming buyer can expand the business as currently there is no lottery, no oyster or pay points & not any other upay service so new buyers can add all these services to boost the business.
In addition the shop has permission to use the front area by 1.5 meters so new buyer can showcase fresh fruits and veggies outside the shop that can attract more customers.
RATES: No Business Rates
RENT: £45,000 Per Annum
TENURE: Leasehold - 13 years remaining under Landlord and Tenant Act
PARKING: Free one-hour parking along with plenty of off-street parking options.
SIZE: Total space of approximately 800 sqft, with a floor space of around 650 sqft.
TRADING HOURS: 8:00 am to 8:00 pm
ADDITIONAL POTENTIAL:
There are possibilities for growth as new buyer can extend operating hours until 11 PM with the existing license and can introduce new offerings such as bakery products, hot nuts, a coffee machine, slush machine, and even key cutting services.
The business is marketed for the Goodwill Price: £80,000 plus SAV (including fixtures and fittings)
For more details, contact the BTC Commercial and Investment team at ---- --- ---- or [email protected].
