HIGH TURNOVER COMPLETELY REFURBISHED CONVENIENCE STORE FOR SALE IN EAST LONDON (REF: CS0807)

LOCATION: Skyline Commercial Properties is delighted to offer for sale an established convenience store situated in a prominent residential location in East London. The business benefits from a well-populated local catchment, with surrounding residential neighbourhoods, nearby schools, local amenities and convenient public transport connections.

The location offers access to nearby bus stops and rail services within the wider area, providing convenient connections for local residents and visitors.
The property benefits from ample parking availability in the surrounding area, providing added convenience for customers. In addition, there is potential to utilise approximately 5-8 designated parking spaces directly outside the premises, subject to the relevant local council permissions, approvals and any applicable additional charges or rates.

OVERVIEW: An excellent opportunity to acquire a substantial convenience store with an average weekly turnover of approximately £16,000, excluding all service income.
The premises extend to approximately 3,000 sq. ft, offering a generous trading environment with significant scope for expansion. Currently, approximately 2,000 sq. ft. is utilised as shop-floor space, with a further 1,000 sq. ft. allocated to rear storage, which could potentially be converted into additional retail space.

The shop benefits from large chiller and freezer facilities along with 2 dedicated parking space for the vendor at the rear of the shop providing a strong foundation for an incoming operator to continue the existing business and explore additional retail opportunities.

TURNOVER: Average £16,000 per week, excluding all service income.

ADDITIONAL INCOME: Approximately £1,200 per month from existing parcel services, with potential to increase this income by introducing additional parcel service providers, subject to approval.

POTENTIAL: The business presents significant opportunities for expansion. A new owner could utilise the substantial rear storage area to increase the retail floor space and introduce additional product ranges and services, subject to the relevant permissions and requirements.

Potential additions include:

- Coffee machine and a dedicated coffee-to-go offering.
- Fresh fruit, vegetables and organic grocery products.
- A dedicated butcher's counter.
- An in-house bakery offering fresh bread and baked goods.
- Expansion of parcel collection and delivery services.
- Extended retail space to accommodate a wider product range.

These opportunities provide scope to diversify the offering, attract additional customers and develop further revenue streams.

RENT:£40,000 per annum.

RATES: Approximately £17,000 per annum.

TENURE: Leasehold, with approximately four years remaining on the current lease. Renewal provisions are subject to the lease terms and applicable Landlord and Tenant Act 1954 rights.

TOTAL AREA: Approximately 3,000 sq. ft., comprising approximately 2,000 sq. ft. of shop-floor space and 1,000 sq. ft. of rear storage.

TRADING HOURS: Monday to Sunday, 7:00 am to 11:00 pm.

Goodwill asking price of £280,000 plus SAV (Stock at Valuation), including the existing fixtures and fittings.

For further information or to arrange a confidential viewing, please contact the Skyline Commercial Properties team on 02045720717 or [email protected]

Tenure: Leasehold