Hilton Smythe welcomes Hua Run Chinese to the market.
This is a traditional family run convenience store specialising in Chinese produce which has been established for 7 years.
It is a well presented shop in an ideal location selling an array of products such as seafood, cooking wine, noodles and condiments.
The business comes with an active website and loyal regular customers, the current owner has also started using the ‘Hungry Panda’ delivery service which has brought in a large amount of revenue from the local area.
Our client is now reluctantly looking to sell the business due to family commitments.
Scope to Improve
• Apply for alcohol licence
• Advertising and marketing campaign
• Maximise the use of social media
• Extend the opening hours
• Provide lottery and pay point
Reasons to buy
• Ideal owner managed or husband and wife business
• Offers a real opportunity to increase turnover significantly
• Prime trading position
Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest.Location
Hua Run Chinese Supermarket is located amongst a parade of shops along The Grove, Maryland, London.
Maryland is a location in East London. It forms the northeastern part of Stratford in the London Borough of Newham.
The area borders Leytonstone to the North, Stratford New Town to the West and Forest Gate to the East, with the centre of Stratford to the South-West.
There is convenient metered parking around the corner to the shop for customers to take advantage of.Premises
The business occupies the ground floor of a mid-terraced 3 level building and briefly comprises;
Windows and glazed door to front creating a light airy interior. Cleverly designed store to maximise the space available with tiled floor, perimeter shelving.
The counter and till system are located to the entrance of the shop on the left, the produce occupies the remainder of the shop area, to the rear of the shop is a storage/kitchenette area and staff toilet facilities.
• Double drinks display chiller
• Chiller display cabinet
• 3 x double chest freezer
• Till systemTenure
We are advised that Hua Run Chinese Supermarket is being sold as a Leasehold business opportunity, with 7 years remaining from the original 15 year Lease.
Annual rent of £21,500.
We are advised that the business benefits from Small business relief.Hours
Open everyday 10.00 am – 9.00 pmStaff
The business is run and managed by our client along with 2 part-time staff.Financial Profile
Hua Run Chinese Supermarket generates an advised current turnover of approximately £254,800 with an advised net profit of £45,000