British Express Grocery and Off-License Store in Shoreditch London up for Sale
Shoreditch, London
- Status
FOR SALE
- Advert ID
622533
- Leasehold: £225,000 (Stock at valuation)
- Rent: £70,000 (£5,833 per month)
- Turnover: On request
- Profit: On request
Key Features
- Alcohol sales licence granted
- Comprehensive financial records
- Business goodwill included
- Comfortable customer-friendly environment
Business Details
Grocery Store Off License
PLEASE NOTE: WE ARE EXPERIENCING A HIGH LEVEL OF INTEREST. ADDITIONAL INFORMATION ABOUT THE BUSINESS WILL BE PROVIDED EXCLUSIVELY TO SERIOUS BUYERS DURING A FACE-TO-FACE MEETING.
British Express is a well-established off-licence and grocery store located at the bustling Old Street/Curtain Road junction in the vibrant heart of Shoreditch. With 15 years of operation, the store has become a cornerstone of the community, serving a diverse range of customers including local residents, corporate clients, tourists, and nightlife enthusiasts. The store's prime position guarantees high foot traffic, bolstered by nearby amenities such as shops, restaurants, and public services, making it a sought-after spot in Shoreditch.
The store boasts a fully stocked inventory that includes groceries, fresh fruit and vegetables, tobacco products, alcohol, newspapers, magazines, confectionery, dairy products, and household essentials. Additionally, British Express offers customer convenience with an on-site ATM machine and is open seven days a week to provide consistent service to the community. The interior of the store is well-organized, featuring clean and clear aisles that make it easy for customers to navigate the varied selection of goods.
Recently, British Express secured a new 20-year lease, setting the foundation for ongoing growth and success in this dynamic area. Currently priced at £265,000 for leasehold, the business reports an annual rent of £70,000. Various fixtures and fittings are included in the price, making it an attractive proposition for potential buyers. The reason for the sale is the current owner's retirement after owning the business for 12 years.
The store employs five staff members and is open to offering training opportunities to new owners upon request. With its high turnover, attractive location, and adjacency to multiple retailers, British Express presents an ideal opportunity for a business looking for full refurbishment or alternative use. This small but successful business invites offers, emphasizing its appeal and potential for future owners.
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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.
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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.
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