Scroll To Top

Popular Convenience Store East London

City of London, London
Leasehold Price:
Find more details, or book a viewing:
Advert ID
6142 / Rightbiz


    Next to Forest Gate Station

    Annual Turnover £78,723

    Gross Profits £33,881

    Owner Operated

    Retirement Sale

    Parking Available for Customers

    Includes Lottery, Payzone & ATM

    EPC - D

REF 6142 – Leasehold Convenience Store
Blacks Business Brokers are proud to bring to the market this leasehold convenience store located in a very busy and much sought-after area of Forest Gate, London.

London Sweets & Grocery has been trading on Woodgrange Road since 2005 with our client in ownership since opening. The business offers a range of grocery products, along with National Lottery, Payzone, Oyster tickets and free cash withdrawals. The business is very well-established and has a good base of repeat customers in addition to much passing trade in this superb trading position.

Situated on a busy main road, the shop is close to Forest Gate Station along with many other local shops and businesses. This area is very busy with good public transport links.

The business is only being offered for sale due to our client’s retirement.

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 15 years with rent reviews every 3 years. The current lease began in 2018 at a cost of £30,000 per annum.

London Sweets & Grocery is housed within the ground floor of a mid-terraced property within a parade of shops, businesses and residential flats. The business is well branded with clear, colourful signage displayed above a fully glazed frontage. Inside, the main retail area is well presented and well-stocked with goods displayed on wall shelving, central gondolas and within display fridges and freezers. The shop as wooden flooring throughout with till positioned to the back of the space. To the rear of the unit is a small stock room and the business also has use of the lower-ground floor. Each area is presented to a good standard and a full inventory is available on request.

The business is currently operating with only our client in employment. The business would benefit from additional members of staff to meet customer demand in this busy area.

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £78,723 with gross profit of £33,881.

This leasehold business is well-established and occupies a superb trading position. It delivers impressive weekly takings from multiple income streams. There is some scope to develop the business further with new product lines. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Opening Hours:
Monday to Saturday: 06:00 - 21.30 Sunday: 10:30 – 21:00

Weekly Rent:
£577 Per Week. Weekly Rent:
£577 Per Week.
Seller Details
Telephone: Login to view
Agent Name: Login to view
Advert Reference: Login to view
Listing Details
Leasehold Price: £142,995
Tenure: Leasehold
Sector: Convenience Stores, Newsagents
Annual Turnover: £78,723
Listing Statistics
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.

Related Businesses for Sale

Fried Chicken Shops
Convenience Stores
Blacks Business Brokers Limited
shop for sale in slough
Saint Johns Wood, London
Convenience Stores
The data showed regarding this advert 'Popular Convenience Store East London - 6142 / 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.