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Grocery shop for sale in Queens Market Plaistow London

Plaistow, London
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Grocery shop for sale in Queens market upton park  Photo 1
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Grocery shop for sale in Queens market upton park Grocery shop for sale in Queens market upton park Grocery shop for sale in Queens market upton park Grocery shop for sale in Queens market upton park Grocery shop for sale in Queens market upton park Grocery shop for sale in Queens market upton park
  • Status

    FOR SALE

  • Advert ID

    642147

  • Leasehold: £180,000 (Stock at valuation)
  • Rent: £35,500 (£2,958 per month)
  • Turnover: £520,000 (£10,000 per week)
  • Profit: Not Applicable

Key Features

  • Essential grocery items available
  • Two-position service counter
  • Unique trading space design
  • Variety of essential amenities

Business Details

Grocery shop for sale in Queens market upton park

Welcome to Mass Bazar, a vibrant grocery shop that has been serving the local community for over five years. Our store offers a wide range of products, particularly focusing on Asian and various continental foods. Customers can find everything from frozen fish, poultry, and vegetables to a delicious selection of frozen savouries and essential household goods. With a spacious double-unit layout, our shop is designed to be inviting and attractive to local patrons, making it an excellent choice for those looking to enhance their shopping experience.

Mass Bazar is conveniently situated near several amenities, including vegetable stalls, public toilets, and ample parking above the market. The surrounding area is filled with diverse shops, adding to the appeal for customers, which ensures a steady flow of foot traffic. Notably, our store stands out from competitors due to its modern design, featuring large double doors that create an accessible and welcoming entry point.

Equipment and Fixtures

Included in the sale are several valuable fixtures and fittings that enhance operational efficiency and customer experience. These include walk-in freezers, a large meat display, two cold rooms, a well-equipped sales area, and two EPOS systems, ensuring that the shop is well-prepared to meet the demands of its clientele. Additionally, we offer essential equipment such as a big mincer, two butcher boards, two large bandsaws, and a weighing machine, all of which contribute to a streamlined and professional environment.

Reasons for Selling

The decision to sell Mass Bazar comes as we have other properties to manage, and we are currently unable to oversee all of our commercial ventures effectively. The shortage of manpower has also played a role in this decision. However, we are committed to assisting the new owners by providing training opportunities to ensure a smooth transition and continued success for this thriving grocery business.

Investment Opportunity

Mass Bazar presents an exceptional leasehold opportunity in Queens Market, Upton Park, with an asking price available on request. The grocery shop boasts a healthy current turnover of £520,000, with an annual rent set at £35,500. This business not only offers year-round income stability but also showcases a well-maintained and presented interior, complete with organised signage and a diverse product range that caters to all essential needs.

For prospective buyers, we highly recommend scheduling a viewing to fully appreciate the unique trading space and well-proportioned retail area. This is an attractive opportunity for anyone looking to invest in a successful grocery business in a prime location.

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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.

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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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