Convenience Stores for sale in London

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LICENSED CONVENIENCE STORE - SOUTH LONDON

London, England

  • Leasehold Price: £65,000  Price Reduced arrow_drop_down
  • Annual Turnover: £300,000
Seller Reference: KBT43091
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Business Description
 
 
 
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Seller Reference: KBT43091
Request Details
Business Description
• Profitable and extremely well established convenience store
• Weekly takings in the region of £8500 - £10,000 plus Oyster sales
• Densely populated residential area of South East London
• Potential to add new stock lines

Ref. 43091 Profitable and extremely well established convenience store situated in a very busy, central South East London location. Within half a mile of two underground stations which links central London. Advised weekly takings in the region of £8500 - £10,000 plus additional oyster card sales. Network Rail lease. Leasehold

Sale due to Edward Food and Wine is a well established, and well used family run convenience store which occupies a prominent trading position in South East London. The business is within a densely populated residential area with planning permision for more residential dwellings to be built, and also within half a mile of New Cross underground station in zone two.

The area is very active throughout the day with continual footfall and activity ensuring the business attracts high levels of regular local and passing trade at all times, especially in the mornings and afternoon due to a 300 pupil school less than 500 yards away. In addition there are proposals to build a new block of 108 flats also 500 yards away from the shop.

We have been advised by the current owners that the business has been trading from the same location for over 40 years. Within this time they have forged strong relationships with the community, thus enjoying an enviable reputation and an extensive, loyal customer base.

The business operates from a highly visible premises with a medium sized trading area, but retails an extensive range of soft drinks, confectionery, newspaper and magazine titles, plus beers wines and sprits. A small selection of greeting cards, stationary, household goods, dairy products, frozen and convenience foods are also available. In our opinion with some refurbishment of the area currently used mainly for storage could provide an additional retail area for fresh fruit and vegetables and fresh meat.

This store is a thriving and highly lucrative business yet still offers terrific scope for future growth and improvement and would therefore ideally suit an energetic family unit who can develop the business to its full potential which will undoubtedly increase the weekly sales whilst ultimately enhancing overall profitability.

Summary. A fantastic opportunity to purchase a successful, family run business which has been established for over 40 years and is situated in a densely populated residential area. To avoid disappointment, viewing is highly recommended.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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