Bustling North London Grocery Shop in Crouch End Up for Sale
Crouch End, London
- Status
FOR SALE
- Advert ID
617043
- Leasehold: £149,000
- Rent: £27,000
- Turnover: £624,000 (£12,000 Per week)
- Net Profit: £95,000 (16% Profit margin)
Key Features
- Accounts Available
Business Details
Grocery shop for sale north London
A grocery store is currently up for sale in the heart of Crouch End, London. This is an excellent opportunity to invest in a lucrative business located within a bustling community.
The leasehold price for this business property is competitively priced at £149,000. Presently, the grocery store enjoys a robust annual turnover of £624,000. Interested parties should note that the owners are open to receiving offers on the listed price.
One of the appealing aspects of this opportunity is the profit margin. After all overhead and operating costs, the grocery store generates an impressive profit margin of £95,000. This level of profitability makes it an extremely worthwhile investment for potential buyers.
This sale is due to the current owners looking to retire, and viewings are highly recommended to fully appreciate the potential of this business opportunity. Another essential point to note is that complete business accounts are readily available for inspection.
For complete details about this business and to arrange a viewing, please do not hesitate to contact me.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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
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