FOR SALE
27/02/24
607432
BAA230132 / Rightbiz
Discover an exciting opportunity to acquire a thriving supermarket, grocery, and butchers specialising in Indian groceries and Halal meat. Located in the bustling area of Ilford, East London, this well-established business occupies a prime position directly in front of a tube station, offering high visibility and foot traffic from residential, office, and commercial areas.
Key Features:
• Wide Range of Products: This grocery business offers an extensive variety of fresh produce, cupboard essentials, and specialty Indian groceries, along with a dedicated butchery section providing high-quality Halal meat.
• Prime Location: Situated in an excellent main road trading position, the premises feature full glass frontage with an electric canopy/awning and shutters for added security. The strategic location ensures consistent customer flow and accessibility.
• Well-Equipped Premises: The spacious premises, approximately 850 ft², are equipped with essential amenities including CCTV surveillance, a sales counter, an EPOS cash register, a touch screen till, weighing scales, refrigeration units, and ample storage space.
• Strong Turnover: With a reported turnover averaging £8,000 to £10,000 per week and a gross profit margin of 20-25%, this business demonstrates consistent revenue generation and profitability.
• Potential for Growth: The business presents opportunities for further development, including the option to offer Oyster sales due to its proximity to the station. There is also potential to expand into online sales through platforms like Uber Eats, introduce complimentary product lines, and explore adding hot food and beverages to the offering.
The offer benefits from 3 pricing options:
Option 1: £85,000 stock with £1,700 per month rent - Ideal for buyers seeking a turnkey business with lower monthly overheads and a higher initial investment.
Option 2: £75,000 stock with £1,800 per month rent - Offers a competitive purchase price with slightly higher monthly rent, suitable for budget-conscious buyers.
Option 3: £110,000 stock with £1,000 per month rent - Provides a premium package with lower monthly rent, appealing to buyers looking for a higher initial investment with reduced ongoing expenses.
Don't miss out on the chance to own a successful and well-established Indian grocery and Halal butchers business in a prime East London location. Whether you're an experienced entrepreneur looking to expand your portfolio or a newcomer seeking a lucrative venture, this business offers tremendous potential for growth and success.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get SolicitorThe data showed regarding this advert 'Thriving Grocery and Halal Butchers Business for Sale in Prime East London Location - BAA230132 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.