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CONFIDENTIAL
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An exciting opportunity awaits with the sale of an international grocery store located in the bustling area of Leyton, East London. Nestled on a prominent high street, the store benefits from significant foot traffic throughout the week, with particularly high volumes during football match days. The business holds an alcohol licence for off-premises consumption and offers a diverse selection of Eastern European groceries, fresh fruits and vegetables, as well as a homemade cooked food counter. With a grill and oven onsite, customers can enjoy quick and delicious meals prepared on the spot.
Established in 2012, this store has been under new management since 2021, during which it has been refreshed and upgraded to meet modern standards. The current owner has successfully operated the business for over five years and is now looking to sell to focus on other non-retail ventures. Despite the competitive nature of retail, this store uniquely faces no direct competition in the vicinity, which can be an attractive factor for potential buyers.
Location and Amenities
Situated close to an underground station and surrounded by a variety of local restaurants and shops, including an ASDA just five minutes away, the store enjoys a prime location that effortlessly attracts customers. The surrounding residential area further enhances its appeal, ensuring consistent footfall from regular and passing trade.
Business Potential and Support
While the business does not currently have an online presence, there is significant potential for growth, particularly in the takeaway food market. The sale includes full training and assistance for new owners, aimed at ensuring a smooth transition and continued success. Although the fixtures and fittings are not included in the sale price, this is a negotiable aspect that can be discussed to suit the buyer’s needs.
Financial Overview
The leasehold price for the store is £210,000, with an annual rent set at £29,000. The store is equipped and ready for immediate trading, boasting a refurbished interior that includes refrigerated display cases for perishables and modern fittings throughout. With a regular operational schedule and steady turnover year-round, this retail space represents a sound investment opportunity.
Whether you are an experienced retailer seeking to expand your portfolio or a newcomer wanting to step into the grocery business, this store offers room for growth and is well-positioned to thrive in a vibrant community. It comes highly recommended for viewing, given its potential and prime location.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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