FOR SALE
625174
The convenience store in Enfield, London, boasts a prime location with high foot traffic and is well-established. It offers a wide variety of snacks, beverages, fresh produce, refrigerated items, and household essentials. Shoppers enjoy the well-organized shelves that make browsing easy. This thriving business is on the market as a leasehold opportunity, with the asking price available upon request. Its strategic position near local amenities like Turkey Street and Enfield Lock train stations, as well as nearby schools, further enhances its appeal to customers.
With a steady weekly turnover ranging between £10,000 and £12,000 and a notable weekly net profit between £1,500 and £2,500, the store's profitability is apparent. Notably, the fruit and vegetable section alone generates a net profit between £300 and £500 weekly. In addition to its sales revenue, the business earns a rental income of £12,000 per annum, effectively reducing the rent to £9,000 per year.
Owned for five years, this family-run store has minimal competition due to its high street location, which encourages customer diversity rather than loyalty to a specific store. It includes fixtures and fittings, with stock valued separately. The current owner seeks to sell to purchase a larger establishment, making this a valuable proposition for prospective buyers. The store is also part of the Uber Eats platform, although online operations could benefit from a menu redesign and updated images.
The business is managed by a father-and-son team with support from one full-time and one part-time employee. Despite a promising start on Uber Eats with consistent weekly earnings of £200 to £500 in 2021, there has been a recent decline in performance online. This established business offers a strong local presence and is ready for new ownership to continue its success.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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