Popular Convenience Store in Harrow

Harrow, Middlesex
REF: 05590

Asking Price:
£25,000
Annual Turnover:
£130,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 05590
Photo of Popular Convenience Store in Harrow
Photo of Popular Convenience Store in Harrow
Photo of Popular Convenience Store in Harrow
Photo of Popular Convenience Store in Harrow

Overview

Tenure:
Leasehold
Established:
2011
  • Wide range of products
  • Loyal customer base
  • High weekly takings
  • Busy trading location
  • Further growth potential

Started over six years ago, this business has established itself as the go to destination for food & drink for local inhabitants of the Harrow area of northwest London.
The business retails a wide range of daily consumables and confectionary items and has strong reputation for its attentive customer service and cost-effective prices.
Its low overheads and loyal customer base make this a great platform for potential buyers.
This is a profitable opportunity and presents great scope for further growth.

This business acts as a traditional convenience store selling high-quality daily consumables and confectionary items, all at affordable prices. It retails an assortment of grocery foods, ice-cream, cigarettes and tobacco and also offers a Paypoint service.

It trades from a double-fronted, terraced building which features an open plan shop floor, fully stocked throughout. A serving counter is positioned to the left, and is ideal for handling customer transactions. There is a tobacco display stand behind this and a WC facility, well-equipped kitchen with large free-standing freezer to the rear of the shop.
The main retail area features two large chillers and an upright drinks fridge to the back of the shop.

Trading consistently all year round, the business operates seven days a week and has grown solely through word of mouth and recommendations.

Intelligent Business Transfer are pleased to bring to the market this well-established convenience store which has successfully become a well-known fixture within the local community. The business enjoys year-round sales and prides itself in offering a friendly service and daily essentials to its loyal and local customers.

Since its inception over six years ago and under the current ownership for the past 18 months, this business has thrived through offering exceptional quality products and service. It currently generates weekly takings in the region of £2,500.
A new buyer could potentially increase business hours by keeping the store open till late, or even 24/7, which could bring in a wider range of customers. Increasing the range of stock could also effectively draw in new customers and would bring in more revenue.

Whilst the current business has continually grown every year, it has done so without an online or social media presence. Establishing a presence to aid in advertising could boost exposure and help the trade.

Additionally, expanding the services to include a Lotto service, Post Office, ATM etc would attract further patronage, effectively growing the customer base and ultimately, the turnover.

Intelligent Business Transfer are searching for a suitable buyer.

Location

Property

Annual Rent
£7,700
Annual Rates
TBC
Lease Term (Years)
10
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

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