Established Retail Store in North East London

Wood Green, London
REF: 05009

Asking Price:
£35,000
Annual Turnover:
£312,000
Annual Net Profit:
£30,000
Reduced
Recently Sold
REF: 05009
Photo of Established Retail Store in North East London
Photo of Established Retail Store in North East London
Photo of Established Retail Store in North East London
Photo of Established Retail Store in North East London

Overview

Tenure:
Leasehold
Established:
1980
  • Established in the 1980’s
  • Prime location
  • Good customer reputation
  • Easy to run business
  • Further growth potential

This is an exciting opportunity to acquire an established and profitable retail business operating two units in a shopping mall in Wood Green, London.

The current owner offers a range confectionary products as well as over 70 varieties of pick n’ mix, magazines as well as tobacco and related products such as Rizla. The business enjoys a good level of passing trade.

There is plenty of potential for a new owner to grow the business by offering additional services and products such as lottery tickets and scratch cards, bus pass, oyster cards, vape products and batteries.

The business trades as a stall covering two units. They sell a variety of confectionary and tobacco products as well as magazines and is similar to a newsagents shop.
There is a front area where they display products, a tobacco counter and pick n’ mix area. Inside it is a double unit stall with a selection of shelves and is very colourful.

The business serves customers visiting and working in the market hall and has not direct competitors. The current owner has built up an excellent relationship with customers and other stall holders by maintaining a good stock range and good prices.

The current owner does not take advantage of opportunities to market or advertise the business. There is currently no website or social media channels and the owner does not engage in marketing or advertising

More services can be added to the business to increase turnover and grow the business.

The business is profitable and turnover is in the region of £312,000.

Intelligent Business Transfer is pleased to offer for sale this well-established and exciting retail opportunity. The current owner has built up an excellent reputation with customers and other local business for offering a comprehensive range of products at good prices.
Established in the 60’s, the business offers a range of newsagent type products including confectionary, over 70 varieties of pick n’ mix, magazines, tobacco etc.

The business is easy to run with opening hours Monday - Saturday 9am-6pm and Sundays 11am-5pm. The business needs little maintenance with four trips to a cash and carry through the week and positioning of stock. There is a storage area for stock with the business.

The current owner does not leverage any advertising/ marketing opportunities other than word-of-mouth advertising. There is potential to add additional product lines and services as well as engaging in advertising/ marketing.

This is an attractive opportunity for someone who knows the retail business and may have previously run a newsagent. There are minimal staffing requirements, currently there are two full time members of staff.
The owner is selling the business to retire. Intelligent Business Transfer has been requested to find a suitable buyer.

Location

Property

Annual Rent
£4,320
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup