Family-Run Butchers and Grocery Store in Prime London Location for Sale
Walthamstow, London
- Status
SOLD
- Advert ID
629016
- Leasehold: £250,000 (Stock at valuation)
- Rent: £40,000 (£3,333 per month)
- Turnover: £1,300,000 (£25,000 per week)
- Profit: On request
Key Features
- Large Business for Sale
- Retirement Sale
- High Turnover
- Prime Location
Business Details
Large Butchers And Groceries
This family-run business, operated successfully for over 31 years, is strategically situated in the vibrant and bustling area of Hoe Street. Ideally positioned near Walthamstow Station and the High Street, it benefits from significant foot traffic, attracting a diverse clientele. This has enabled the shop to achieve substantial weekly sales ranging from £22,000 to £25,000, contributing to an impressive annual turnover of £1,300,000.
The business, a large butchers and grocery store, boasts a spacious layout with a fully equipped meat preparation area. It features ample storage, such as large cold rooms and freezers, and well-stocked shelves offering a wide range of grocery items. The store front faces a heavily trafficked street, and the facility benefits from the visibility and convenience that come with such a prime location.
Key amenities are included with the business, from a full counter with tills and scales to essential machinery like large refrigerators, fridge freezers, a meat display, bandsaw, and mincer. Additionally, a fully equipped kitchen is available for staff use. The recent fittings are included in the sale price, ensuring a smooth transition for the new owner.
Access is further facilitated through a rear entry that offers vehicle access, enhancing logistic capabilities. Despite its expansion into a double shop covering two units, it maintains a family-oriented ethos that has undoubtedly contributed to its longevity and success.
This established business is being offered for sale as the current owners are retiring, presenting a unique investment opportunity with a fresh lease available. The leasehold price is set at £250,000 with an annual rent cost of £40,000. Currently employing eight staff members, the business is poised for continued success under new ownership.
The shop is advantageously located close to numerous restaurants and shops around Hoe Street and the Bakers Arm, adding to its appeal and elevating its status as a community staple. This business opportunity represents a rare chance to acquire a profitable operation in a prime location, ready for growth and expansion under new management.
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This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
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.
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