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Bulgarian supermarket for sale in Walthamstow London

Undisclosed

CONFIDENTIAL

  • Leasehold: £150,000
  • Turnover: £817,000 (£15,712 per week)
  • Profit: Not Applicable

Business Details

Bulgarian Supermarket Walthamstow London REDUCED PRICE

This store proudly serves the local community with a wide range of essential Bulgarian foods & goods and is known for its friendly customer service and reliability. There is much opportunity for the new owner to increase the business by adding more new ethnic/Asian products and services to attract new customers. Key Business Highlights: • Outstanding Location: High footfall, High Street. • Large Retail Unit: Operates from 1,000 sq. ft. • Well-Stocked & Plus Alcohol: Bulgarian food products, can extend to stocking Asian/ethnic food. • Massive opportunity to expand business further by adding: o Lottery. o Pay Point. o Pay Zone services. o Mobile top-ups. o Newspapers and Magazines o Increase Ethnic/Asian food supplies and range. o Expand Open Hours • Financials: Reported turnover of circa £800k in FY 2024/2023. Full accounts available to serious buyers. • Attractive Lease Terms: 4 years remaining on current lease. Strong relationship with landlord who is open to granting a new lease. Rent £26,000 pa. • Opening Hours: 7 days per week, Mon–Sun: 9:00am–7:00pm • Staff: the shop employs 5 staff, and there is a probability for staff to be transferred with business, if needed. • Motivation to Sell: Owners wants to focus on expanding their other wholesale business and is willing to offer a full handover and support transition. • Expansion Potential: Much opportunity to expand business by adding new products, to attract new customers, add new services as outlined above, and proactively market sale of alcohol. • Stock – is excluded from sale price and the owner is willing “to take back stock” as he can store this stock in his warehouse, to make the deal more attractive. Viewings by appointment only, contact us today to register your interest.
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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.

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