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Popular Central Convenience Store in North East London

Highbury, London
Leasehold Price:
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Advert ID
R05996 / Rightbiz


    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.
Seller Details
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Listing Details
Leasehold Price: £109,000
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Convenience Stores, Newsagents
Annual Turnover: £610,208
Annual Net Profit: £27,103
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