African Grocery Shop for Sale in Chatham Kent with Strong Sales Potential
Chatham, Kent
- Status
FOR SALE
- Advert ID
645454
- Leasehold: £65,000
- Rent: £24,000 (£2,000 per month)
- Turnover: £192,000 (£3,692 per week)
- Profit: Not Applicable
Business Details
High Turnover African Retail Shop
Sales Advert for African Groceries Business
Headline: High-Turnover Retail Opportunity | Railway Street Chatham Location
Location: Odogwu African Shop Chatham, Kent (Medway)
Asking Price: £65,000 (negotiable)
Turnover: ~£16,000 per month (Average)
Lease: Over 21 years
Executive Summary
A fantastic opportunity to acquire a well-established African Food/groceries retail business situated in the heart of Chatham. This business boasts a consistent track record of strong sales, particularly peaking during the summer months, and serves a loyal local customer base. Operating with modern Epos systems, the business is "plug-and-play" for a new owner-operator or an investor looking to expand their portfolio in the Medway area.
Financial Highlights (Based on Last 8 Months)
* Proven Revenue: Total net sales of £128,058 over the last 8 months (June–Jan).
* Strong Margins: Consistent performance with peak monthly takings reaching over £18,600.
* Growth Potential: Recent data shows a significant increase in Average Transaction Value indicating a high-quality spend despite broader economic trends.
Key Features
* Prime Footfall: Located in a high-traffic area of Chatham with excellent visibility; three (3) minutes walk to the railway station and 3 minutes walk to the bus station.
* Modern Operations: Fully integrated Epos Now system included, providing transparent digital records for easy due diligence.
Functional 8 CCTV unit and a walk-in cold room (freezer) for frozen items.
* Handover Support: The current owner is willing to provide a transition period to ensure the continued success of the business.
Reason for Sale: Personal life changing events.
Thank you.
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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.
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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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