Convenience Store for Sale in Canning Town London on a Busy High Street
Canning Town, LondonEst. 19 years
- Status
FOR SALE
- Advert ID
634617
- Leasehold: £280,000 (Stock at valuation)
- Rent: £16,000 (£1,333 per month)
- Turnover: £900,000 (£17,308 per week)
- Profit: On request
Key Features
- High Turnover
- Accounts Available
- Offers Invited
- Prime Location
Business Details
Convenience Store for Sale on Busy High Street in London
We are pleased to offer a well-established convenience store for sale in Canning Town, London. This thriving business has been successfully operating for 18 years, and the current owner has managed it for the past 7 years. Due to other commitments, the business is staff-run, making it an excellent opportunity for a new owner to take charge and potentially increase revenue.
The store is located on a busy high street with significant foot traffic, ensuring a consistent customer flow and sales potential. The favorable rent and rates are very low and are open to negotiation, making this an attractive investment for interested buyers. Please, no timewasters.
The convenience store features well-stocked aisles, offering a wide range of groceries, snacks, and beverages. Additionally, there is a fresh produce section that includes fruits and vegetables, promoting healthy eating options. Customers can also find an extensive selection of alcoholic beverages, including wines, spirits, and beers.
Moreover, the store has a dedicated space for everyday convenience items, such as tobacco, hygiene products, and essential household goods. This diverse product offering can attract a broad customer base and further enhance profitability.
The leasehold price for the business is £280,000, with a current turnover of £900,000. The annual rent stands at £16,000, and detailed accounts are available for review. This represents a great opportunity for an individual or a group looking to invest in a profitable enterprise.
The business currently employs 5 staff members, allowing for smooth operations even in the owner's absence. This setup provides a seamless transition for any prospective buyer.
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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.
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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