Featured Brokers
CONFIDENTIAL
WITHDRAWN
652120
Located in Romford, London, this established convenience store has been a cornerstone of the community for an impressive 50 years. With a prime leasehold price of £670,000 and a substantial current turnover of £1,300,000, this business presents an excellent investment opportunity for those looking to enter the retail sector.
The annual rent is set at £18,400, providing a solid foundation for continued operations. Recent changes among the partners have prompted the decision to sell, opening the door for new ownership to take the helm of this thriving business.
While the store benefits from a long-standing reputation, it is worth noting that there are currently no nearby amenities such as shops or restaurants that draw additional customer footfall. Furthermore, the competition in the area is minimal, which presents an advantage for the new owner seeking to capture market share without significant rivalry.
Acquisition Opportunity
This is a unique chance to acquire a long-established convenience store in a prime location. With 50 years of successful trading behind it, the store offers a rich history and a loyal customer base. The absence of nearby amenities and limited competition highlights the potential for growth and expansion under new management.
Next Steps
If you’re interested in exploring this promising opportunity further, please consider the details shared and take the next steps towards ownership. This could be the perfect venture for someone looking to dive into the retail market and capitalise on the existing reputation and operational strengths of the store.
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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