Asian Grocery Store for Sale in Consett specializing in Filipino, Thai, and Japanese products
Consett, County Durham
- Status
FOR SALE
- Advert ID
658898
- Asking Price: £30,000
- Turnover: £48,000 (£923 per week)
- Profit: On request
Key Features
- Accessible for all customers
- Modern refrigeration units
- Adequate toilet facilities
- Low annual rent cost
Business Details
Asian Grocery Store For Sale in Consett
An opportunity to acquire an established independent grocery business in County Durham, trading since November 2024. The store currently specialises in Filipino groceries, with a selection of Thai and Japanese food products, providing a platform for a new owner to develop the business in line with their own experience, interests and local market demand.
With approximately £12,000 of saleable stock at cost value, an existing retail premises and two members of staff, the business offers a starting point for someone looking to enter the retail sector or for an existing retailer seeking to expand. A new owner could choose to build on the current specialist Asian grocery range, introduce additional international food products, broaden the everyday grocery selection or explore developing the premises into a more general convenience store.
The business is currently trading, with an existing product range and retail setup already in place.
The owner is looking to sell due to limited time available to dedicate to the business. This could present an opportunity for a hands-on owner-operator to take the business forward, review the product mix, develop the customer offering and explore opportunities for growth.
Enquiries from serious prospective buyers are welcome.
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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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