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CONFIDENTIAL
FOR SALE
648581
Presenting an exciting opportunity to acquire a well-established supermarket in the heart of Chingford London. This business has thrived for over 20 years, not only demonstrating its potential for sustainability but also making it a familiar hub for local customers. Its prime location in the town centre attracts a steady flow of foot traffic, providing a solid foundation for continued growth and engagement.
The supermarket boasts impressive financial performance, with a current annual turnover of £1800000 a leasehold . The annual rent is set at £34000, making this an appealing investment for prospective buyers looking to enter or expand within the retail sector.
With parking facilities readily available, customers can enjoy the convenience of easy access. The premises have been newly equipped, enhancing the overall shopping experience, while the attractive weekly takings reflect the store's robust operational efficiency. Moreover, there's significant potential for growth and expansion, presenting an excellent opportunity for additional income streams, should the new owner wish to explore new revenue avenues.
Competitive Advantages
The supermarket enjoys a strategically advantageous position amidst vibrant local amenities, including shops, restaurants, and public services, all of which contribute to a bustling atmosphere. Although the area has competition, the strong customer loyalty built over the years has allowed this business to thrive. Furthermore, with transparent financial records, potential buyers can feel assured of the supermarket's profitability and the attractive projected annual turnover.
In summary, this supermarket not only occupies a prime retail location but also offers a lucrative business model with strong weekly revenue generation. The combination of solid financials, a loyal customer base, and promising growth prospects makes this business a compelling investment for anyone looking to embark on a successful entrepreneurial journey.
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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