A rare opportunity to acquire a well-established DIY and Pound Plus type retail business in a busy residential and commercial area of South London. This store benefits from strong local footfall, a loyal customer base, and excellent visibility from the main parade, making it ideal for owner-operators or investors looking for a profitable discount retail business.
The premises also includes a large rear yard of approximately 2,000 sq. ft., suitable for up to four storage containers and parking for vehicles, providing practical space for stock storage, deliveries, and operational flexibility.
Business & Premises Details:
Lease: 25 years
New Lease: Can be granted and is renewable
Rent: £35,000 per annum
Rent Review: Every 4 years
Business Rates: Approximately £15,000 per annum
Service Charge / Insurance: Nil
Trading Information:
Opening Hours: 8:00 AM – 8:00 PM
Premises Licence: 8:00 AM – 11:00 PM
Weekly Sales: £6,500 – £7,000 (advised figures)
Approximate Yearly Turnover: £338,000 – £364,000
Gross Margin: Approximately 50% - 75%
Staffing: 2 Full-Time Staff & 2 Part-Time Staff
Total Staff Wages: Approximately £50,000 per annum
Premises Size:
Ground Floor Shop Area: Approximately 1,400 sq. ft.
Stock:
Approximate Stock Value: £150,000 (Stock at Valuation)
Area Highlights / Plus Points:
- Strong residential and commercial catchment supporting DIY, home goods, and discount retail
- Potential to increase sales through online delivery platforms or local marketing campaigns
- This is a well-run discount retail business with steady turnover and excellent potential for growth through merchandising, marketing, or expanding product ranges.
Important Notes:
All sales figures are advised figures only.
All clients must carry out their own due diligence prior to purchase.
Viewing Requirements:
Serious enquiries only. Non-Disclosure Agreement (NDA) and proof of funds may be required prior to the disclosure of further financial information.
