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Popular Central Convenience Store in North East London

Highbury, London
Leasehold Price:
£109,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
218680
Reference
R05996 / Rightbiz

Details

    Open 24 hours 7 days a week

    Vast range of stock

    High footfall location

    Photocopy service

    Strong financial figures

    ATM, Payzone and KeyNest

    Opposite Highbury & Islington station

This is a superb opportunity to take on a highly profitable local business in an area teaming with customers.Its success is largely due to its wide-ranging clientele and extensive opening hours, both of which have allowed the business to gain a brilliant turnover of £610,208.Appealing to an owner of a convenient store wishing to expand their repertoire, or an entrepreneur looking for a lucrative venture, a new owner could take steps to enhance the business’s exposure and profit margins. Investing both time and money into marketing via social and a website would be crucial in promoting the business further. Perhaps converting the spacious basement into an internet café would also be a profitable avenue. Extending the store’s range to include the retail of mobile accessories, as well as adding services such as Lotto and Travelcard would be highly beneficial to revenue.The current owner would be willing to stay on for a transitional period to assist the new owner with business operations.
Listing Details
Leasehold Price: £109,000
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Convenience Stores, Newsagents
Financials
Annual Turnover: £610,208
Annual Net Profit: £27,103
Listing Statistics
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The data showed regarding this advert 'Popular Central Convenience Store in North East London - R05996 / 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.