European Grocery and Off-Licence for Sale in North Woolwich London with New Lease Opportunity
North Woolwich, LondonEst. 20 years
- Status
FOR SALE
- Advert ID
658790
- Leasehold: £85,000
- Rent: £12,000 (£1,000 per month)
- Turnover: £120,000 (£2,308 per week)
- Profit: On request
Key Features
- Compliant with health regulations
- Compliance with licensing regulations
- Comprehensive inventory included
- Comprehensive grocery selection
Business Details
LONG ESTABLISHED EUROPEAN GROCERY & OFF LICENCE (NORTH WOOLWICH, LONDON)
LONG-ESTABLISHED EUROPEAN GROCERY & OFF-LICENCE STORE (NORTH WOOLWICH, LONDON)
· Asking Price: £85,000 (Stock included approx. £15,000)
· Annual Turnover: £120,000
· Low Rent & Service Charge: £12,000 £1,200 per annum (£1,100 total / month)
· High Profit Margins: 46%-50%
· Business Rates: £0
· Alcohol licence
· Established: 20 years in this location (4 years under current family ownership)
· Lease Terms: Brand new 5-year renewable lease agreed with the landlord for the incoming owner
· Reason for Sale: Genuine sale due to family relocation out of London
PREMISES & EQUIPMENT:
Approx. 730 sq. ft / 68 sq. m (Retail Sales Area: ~470 sq. ft / 44 sq. m Storage & Ancillary: ~260 sq. ft / 24 sq. m) with electric shutters, CCTV (5 cameras), tiled flooring in sales area, suspended ceiling with LED lighting. Large Rear Ancillary: Staff break area, kitchenette with sink and water heater, private WC with basin, extensive shelved storage space.
Fully fitted and turnkey operation. Includes two 5-metre commercial display fridges, 3-door upright display freezer, commercial ice cream freezer (sales area), additional ice cream freezer (in storage), retail shelving, till, electronic trade scales.
Positioned on the single main thoroughfare through the area and right at a bus stop. Short walking distance to the DLR station and Woolwich Ferry terminal. Neighbouring businesses include a Lithuanian Dental Practice and a Romanian Restaurant.
Over the last 4 years, 2 new residential high-rise developments have been completed and fully occupied, 1 is currently under construction, and 1 more is planned.
GROWTH POTENTIAL:
· Online Local Delivery: Launch UberEats, Deliveroo & Just Eat.
· Add coffee machine & fresh baked baguettes.
· Vapes & Tobacco: Introduce e-cigarettes and tobacco products.
· Expand Romanian product lines for local demand.
· Add PayPoint, Oyster, Lottery & parcel services.
Direct Owner Sale: Viewings available by appointment only.
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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.
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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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