Reputable Convenience Store for Sale in London
£40,000
£219,000
£10,000
Overview
Leasehold
2008
- Very Loyal Customer Base
- Huge Growth Potential
- Low Overheads
- Strong Supplier Relationships
Now on the market is an Eastern European convenience store in London, established since 2008 with only one competitor and a large number of regulars frequenting the store.
The focus is mostly on Lithuanian, Polish and Romanian food, and regular customers tend to originate from these countries, although the vendor advises there is scope to expand or adjust the product lines to appeal to a wider group of potential customers.
The premises benefits from relatively low running costs with a very good electricity deal and low rent. The store room is 450cm (177 inches) long and 370cm (146 inches) wide, shop room is 950cm (374 inches) long and 510 (200 inches) wide.
This would be an ideal acquisition for an individual looking for an established shop that can expand product lines.
The Alcohol licence trading hours are 10:00 - 23:00 Monday to Saturday and 10:00 - 22.00 on Sundays.
Located on a busy road junction in south London, opposite Grove Park railway station, this convenience store is ideally situated on a busy parade of small independent shops, with significant regular local customs and passing trade. There is one part-time member of staff who works 3-4 days per week with the vendor covering the rest.
This is a popular location for shoppers with a bus stop outside and a train station opposite. The shop itself is on a terrace with accommodation above. The food store is on the ground floor only, and has no association with those in housing on the storeys above. The storeroom is 450cm L X 370cm W, the shopfloor is 950cm L X 510cm W.
The shop is relatively small, with a counter at the front, well-fitted out with shelving and a stock room to the rear that could be adapted to increase the retail space if required. The premises comprises a toilet and a sink to the side, rear access to a communal area, and has CCTV, an alarm system and shutters at the front.
There is scope to expand this shop as the retail floor size can be increased by as much as 50% by utilising the rear stock room.
Additionally, some of the core clientele have departed since leaving the EU, therefore, the business could benefit from having a wider range of produce and attracting local trade.
They currently open at 10 AM each day, but there is scope to open earlier for trade from 9-5 workers within the nearby train station. For an owner-operator willing to dedicate their time, the business could be solely run with only one staff member.
It is worth noting that profits increase during the Easter-Christmas period as with any other convenience store.
Features
Reputation
- Google: 3.5
Online Presence
- Facebook: Yes
Location
- High Street Location
- High Footfall
- Good Transport Links
- Limited Competition