Convenience store for Sale in London

Presenting a remarkable opportunity to acquire a well-established convenience store in South West London, this business has demonstrated impressive and consistent growth. With a weekly turnover averaging approximately £5,700 and a gross profit margin of around 26%, the store is poised for further sales expansion, particularly with the anticipated increase in trade during the summer months.

The convenience store, which has been in operation for just one year, enjoys a solid and reliable customer base. Its strategic location guarantees a high footfall, making it a preferred shopping spot for local residents. While the store is already thriving, there is significant potential for further growth, as the current services do not include newspaper sales, Oyster card top-ups, parcel collection, or participation in the National Lottery—each of which could easily be implemented to attract even more customers.

The store is housed in a ground floor space of approximately 300 ft² with an equally sized basement, facilitating a well-organised shopping experience. The premises boast a sales counter, an EPOS till, a cigarette gantry, modern adjustable shelving, three glass-fronted drinks display fridges, a freezer, and a CCTV system—features that contribute to a secure and efficient operation.

Pricing and Lease Details

This opportunity comes with a secure 14-year renewable lease, along with goodwill, fixtures, and fittings, all for a total price of £75,000, plus stock at valuation, estimated at around £30,000.

Product Range and Customer Experience

The store offers an extensive selection of products including snacks, beverages, and food items, alongside health, beauty, and household essentials. The shelving is thoughtfully organised to showcase popular brands and seasonal products, while multiple refrigerated units feature a wide range of drinks, frozen foods, and convenience items readily accessible for customers. With high foot traffic in the area, the store effectively caters to a diverse community, boasting an established brand presence and a loyal customer base. The potential for revenue growth is further enhanced by the possibility of extending operating hours or expanding the product range.

Further Information

• How many years has the business been established? → 1 year
• How long have you owned this business? → 1 year
• Has there been an increase in turnover over the year? → Steadily increasing since establishment
• Are there any reasons for selling? → Other business interests
• Will you offer any training opportunities to the new owners? → Yes

In addition to the main offer, a separate convenience store is currently on the market in Wandsworth, London, with a leasehold price of £75,000 and an annual turnover of around £300,000. The annual rent for this location is £15,000.