FOR SALE
658202
Evelyn Street Shop – Established Business with Great Growth Potential
A great opportunity to take over an established convenience store with strong potential to grow, especially for a family or hands-on owner who can give the business more time and attention.
The shop is currently taking around £6,000 per week. However, last month and the month before, the shop was averaging approximately £8,400 per week. During strong periods in 2024, the shop was achieving around £12,000 per week.
Unfortunately, the previous owner went through difficult personal circumstances, which affected the business and caused sales to decline.
Since taking over, I have worked to improve the shop, but I also run other businesses, including a cash & carry and CCTV company. Because of these commitments, I simply cannot give this shop the time and attention it needs, which is the main reason for selling.
Strong Demand for Asian Groceries
There is strong demand from the local community, including around 200 Kera families living in the surrounding area. Many currently travel to Cardiff for Asian groceries, fresh fish and fresh vegetables because these products are not easily available locally.
From speaking with local customers and understanding the demand in the area, we estimate that a properly stocked Asian grocery range could generate approximately £2,000–£3,000 in additional sales per week.
Importantly, this £2,000–£3,000 estimate is for the Asian grocery range alone and would be additional to the shop's existing weekly turnover.
There is also demand for fresh fish and fresh vegetables, which provides another opportunity to increase sales and bring customers into the shop more regularly.
The demand is already there. I simply haven't had enough time to properly stock and develop this side of the business.
Premier Plan Already Approved
Premier has already approved the development plan, with only minor requirements remaining. This gives the new owner a clear opportunity to improve the product range and continue developing the business.
The shop is conveniently located near Booker, Costco and other cash & carry suppliers, making regular stock purchasing straightforward.
We have also recently partnered with a delivery company, creating another opportunity to reach more customers and increase sales.
Ready to Trade
The shop is ready to operate immediately, with no major changes required. A new owner can take over and continue trading from day one.
There is also space to add more shelving and expand the Asian grocery, fresh fish and vegetable ranges if desired.
Key Highlights
Current turnover: approximately £6,000 per week
Last month and the month before: approximately £8,400 per week
Strong periods in 2024: approximately £12,000 per week
Potential additional Asian grocery sales: approximately £2,000–£3,000 per week, based on local customer demand
Around 200 Kera families in the surrounding community
Strong demand for Asian groceries, fresh fish and vegetables
Premier development plan already approved
Delivery partnership recently added
Close to Booker, Costco and other cash & carry suppliers
Ready to trade immediately
This is an excellent opportunity for a family, couple or hands-on owner who can give the shop proper attention and take advantage of the existing local demand.
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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