Well-Established and Successful Polish Retailer in Croydon

Croydon, London
REF: R07001

Asking Price:
£49,950
Annual Turnover:
£157,033
Annual Net Profit:
£15,000
Featured
REF: R07001

Overview

Tenure:
Leasehold
Established:
2008
  • Well-Established
  • Loyal and Repeat Clientele
  • Wide Range of Products
  • Fantastic Online Reviews and Ratings
  • Impressive Financial Profile

The business for sale is a long-standing and well-regarded grocery store stocking various dairy, meat and dry food sourced directly from Poland. The small but friendly shop boasts competitive prices in their neighbourhood of Croydon, South London. They also stock Czech and Slovakian food, regularly promoting offers and deals on their Facebook page.

Established over 10 years ago, the business has built a fantastic customer base from locals, where the local community stem from Polish and Lithuanian backgrounds. The well-loved shop is for sale due to the owner moving back to Poland, but the lucrative opportunity has vast scope for further growth, particularly due to the development of housing in the immediate area.

As well as dried and canned goods, the shop also sells a small selection of fresh vegetables, various breads, cheeses, and ham and salami sliced to order. Ranking high on Google search results, the popular Polish shop has an abundance of positive reviews from highly satisfied customers. The shop boasts a 5-Star hygiene rating and owns the license to sell alcohol.

There are two recently renovated flats upstairs which result in approximately £1700 extra income a month.

When approaching the shop, customers face bold signage above a single glass fronted, terraced property. Upon entering, the shop floor is brimming with colourful stock. There is a counter/till used for transactions and the property has recently been refurbished to a very high standard. The shop floor is made of two rooms, counter and fridges at the front then the dry food section to the rear. There is an office used for administration and kitchenette with a store room behind.

Plus, the two studio flats upstairs are now rented for: the first one priced at £200 and the second £220 per week, which results in approximately £1700 extra income a month. The current owner rents the two rooms out with bills included at £426 with £114 council tax each added. Additionally, the shop and the flats upstairs have just recently been renovated.

The current owners are willing to negotiate a transitional period to help familiarise the new buyer to the business operations.

This is a superb opportunity to acquire a long-established shop with massive potential for further growth. They own an alcohol license, granting scope to open for extended hours. For further growth, the new buyer could consider planning a website which has been requested by current customers. Due to popular demand, a delivery service with regular deliveries would be beneficial for the business and growing sales turnover.

Ideally, this business would suit someone already in the industry, with knowledge of the relevant products and passionate about customer service. This opportunity would also apply to an existing trader, looking to take over the shop as a bolt-on acquisition.

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  • Town location
  • High street location
  • High footfall
  • Other businesses nearby
  • Public transport access
  • Residential area
Rent
£7,500
Rates
£0
Lease Term
7
Lease Expiry
4 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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