Convenience store for sale in Tottenham London with loyal customer base and growth potential
Tottenham, London
- Status
FOR SALE
- Advert ID
634900
- Leasehold: £175,000 (Stock at valuation)
- Rent: £26,500 (£2,208 per month)
- Turnover: £572,000 (£11,000 per week)
- Profit: On request
Key Features
- Prime Location
- Attractive Business
Business Details
Convenience store for sale in london
We are excited to present an excellent business opportunity in a vibrant location in Tottenham, London. This well-established convenience store boasts a loyal customer base, which has significantly contributed to its ongoing success. Currently, there are no additional services offered, meaning a new owner can easily increase sales by introducing services such as parcel pickups, Payzone, or PayPoint.
The store has been in operation for over 20 years and has shown a consistent increase in turnover over this period. Regrettably, due to family relocation, we are looking to sell the business. The store has a convenient layout that enhances the customer experience, making it an attractive investment.
Included in the sale are essential fixtures and fittings, providing a ready-to-operate business setup. The annual rent for the property is £26,500, and the current turnover is £572,000. This is a leasehold opportunity, and the asking price can be discussed upon request.
Currently, there are two employees working at the store. While the business does not have an online presence at this time, there is substantial potential for growth in this area. Additionally, we are willing to provide training to the new owner to ensure a smooth transition.
This attractive business opportunity is ideal for anyone looking to invest in a thriving convenience store in a bustling area. For more details, please reach out to us (available on request).
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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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