Supermarket for sale in Barking London with high foot traffic and recent renovations
Barking, London
- Status
FOR SALE
- Advert ID
649870
- Leasehold: Price on Application (Stock at valuation)
- Rent: £28,000 (£2,333 per month)
- Turnover: £832,000 (£16,000 per week)
- Profit: On request
Key Features
- Well Equipped Off-Licence
- Well-organised interior layout
- Wide selection of alcoholic beverages
- Year-round operational hours
Business Details
Busy Supermarket – High Sales & Prime Location
*** PROOF OF FUNDS COULD BE REQUIRED****
- *NO BAKERY
- *NO FRUIT& VEG
- *NO LOTTERY
- *NO OYSTER
- *NO BUTCHER
- *NO PARCELL DELIVERY
- !!!NO TIME WASTERS!!!
- Well-established and recently fully refurbished convenience store located in Barking (IG11), prominently positioned on a busy main road with excellent visibility and consistently high footfall. This large, double-unit shop offers an expansive retail space, making it highly attractive and capable of handling strong customer demand. The recent renovation has significantly improved the store’s appearance and customer experience, already attracting increased footfall, with further growth expected as more people are drawn to the newly upgraded premises. The business also benefits from a prime location with four schools nearby, ensuring steady daily trade, as well as a bus stop directly opposite and a train station within a 10-minute walk.
The shop generates impressive weekly revenues of £ 16,000 The business operates with strong profit margins, with grocery lines typically achieving margins in the region of 50%–60%. The premises are modern, well-presented, and fully equipped, offering a wide range of products including groceries, snacks, drinks, household essentials, along with chilled and frozen goods. The store enjoys a loyal and growing customer base.
Situated in a rapidly developing area, with several new residential apartment projects underway, the business is perfectly positioned for further growth and increased footfall. The combination of a newly refurbished store and ongoing local development is expected to bring even more customers to the area, creating strong potential for increased sales. With the right management and a well-structured team in place, there is clear scope to further enhance performance, with projected weekly revenues of £ on request
The rent is £28,000 per annum with business rates of approximately £9,000 per annum. The reason for sale is due to health considerations, presenting a genuine and motivated opportunity for a new owner.
This is an outstanding opportunity to acquire a thriving, high-performing business that delivers strong financial returns and excellent income potential, making it a secure and rewarding investment for both owner-operators and investors alike.
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
