Off licence and convenience store in Walthamstow London available for sale
Walthamstow, London
- Status
FOR SALE
- Advert ID
633604
- Leasehold: £60,000 (Stock at valuation)
- Rent: £14,400 (£1,200 per month)
- Turnover: £254,800 (£4,900 per week)
- Profit: On request
Key Features
- Close to Local Amenities
- Unique Business
- Established Business
- Attractive Business
Business Details
Thriving Off licence and Convenience Store with Pay Point Available for Sale
The well-maintained and organized retail corner shop is available for lease with potential for increased turnover. This shop space stocks a diverse selection of products. The asking price for the leasehold is £60,000. The business, which has a current turnover of £254,000, is ideally located on the main street in Walthamstow. This business has a 12-year lease and an annual rent of £14,400.
The shop offers a wide range of products and services that makes us unique. It is including groceries, asian foods & spices, organic food products, spirits, beer, soft drinks, snacks, and confectionery. We are equipped with refrigeration units for chilled products and provide convenient services like PayPoint and Eco friendly products refills for brands like EcoVer, Faith in Nature and Eco leaf.
This corner shop is strategically located with ample storage space and is surrounded by amenities, such as Walthamstow Central Victoria Line, Walthamstow market, and Walthamstow Theatre, which help to attract a steady stream of customers. The premises are equipped with a kitchen, WC, and storage area, all enhancing the functionality of the business.
The business currently has two employees and does not have an online presence. However, we are committed to providing training opportunities for the new owner to ensure a smooth transition. The offered price includes all fixtures and fittings, except for stock. The primary reasons for selling are relocation, personal and family commitments.
It is a running business, which potential buyers may want to maintain as it is, thus offering an immediate source of income. Its favourable location as a corner space in a residential area on a main street adds to its appeal, making it well worth consideration for those looking to invest in the retail sector.Financial accounts are available for review, and there is potential for increased turnoveras well. It's convenient access to local amenities and strategic location make it a promising venture for a new and ambitious owner.
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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.
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