Convenience Stores for sale in Romford

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Ian McGregor (Nov 2013)
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Leasehold Price: £28,995 Price Reduced Turnover: £67,600
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular convenience store business, ideally located within the town of Romford, Greater London.

The business was originally established in the 1950’s and has been in our client’s careful ownership since 2010. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 7 days per week and generates a turnover in the region of £68,000 per annum, with a good gross profit.

Our client offers a wide range of household and convenience items, including chilled goods, soft drinks, confectionery, snacks, cleaning products and household items, to name a few, as well as offering Payzone, the Health Lottery and Dart Charge. The premises boasts a spacious sales and display area and is well-equipped to suit the trade.

We feel there is scope to increase the turnover by extending the opening hours of the business and expanding the range of products available. There is also scope to embark on a modest marketing campaign to promote the goods and services offered.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Gobion’s Grocers occupies substantial ground floor premises, ideally located within the town of Romford in north east London. The business is located within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The area of the business is surrounded by densely populated residential areas, from which the business derives much of its trade.

Romford is a large town and the administrative centre of the London Borough of Havering. According to the 2011 census, Romford Town had a residential population of 15,921. The town is one of the largest commercial, retail and leisure districts outside of central London with a vibrant night life.

The area of the property is well served by the public transport system, with several bus stops within easy walking distance of the property. Romford railway station is just under 2½ miles away. The area is also well served by the A-roads, with the A12 being within easy driving distance, which links to the national A-road and motorway networks. Brentwood is approximately 7 miles away and the City of London is 23 miles away.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Main sales and display area with:

2 x central aisles.

Shelving to perimeter walls.

Chest freezer.

2 x single door refrigerators.

Double door refrigerator (loaned by Coca Cola).

Two metre chiller unit.

Serve over counter with electronic cash register and credit/debit card terminal.

Office area.

WC.

External:

Secure delivery area.

Secure alleyway to side.

Free parking to front of premises.

TENURE
We are advised Leasehold:

Original lease length: 15 years

R5 yeaemaining lease length: rs

Rent: £6,500 per annum

HOURS
The business is open:

Monday – Friday: 8.00am – 7.00pm

Saturday: 8.00am – 6.00pm

Sunday: 10.00am – 6.00pm

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of £68,000 per annum, with a good gross profit.



Tenure: Leasehold

Listed by: Hilton Smythe
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