Bulgarian Convenience Store Supermarket for Sale in Walthamstow London

Description

This Bulgarian convenience store serves the local community with a wide range of essential foods and goods and is well-known for its friendly service and reliability. There is strong potential for a new owner to grow the business by expanding the ethnic and Asian product range and introducing additional services to attract more customers.The store operates from a spacious 1,000 sq. ft. retail unit in a high-footfall High Street location. It is well-stocked with Bulgarian foods and alcohol, with the option to further increase offerings to include Asian and other ethnic products. Additional growth opportunities include adding lottery services, PayPoint, PayZone services, mobile top-ups, newspapers, magazines, and extending opening hours.Financially, the store reported a turnover of approximately £800,000 for FY 2023/2024, with full accounts available to serious buyers. The premises benefit from attractive lease terms, with four years remaining on the current lease and a rent of £26,000 per annum. The landlord is open to granting a new lease if required.The business is open seven days a week, from 9:00 am to 7:00 pm, and employs five staff members, who may be transferred with the sale if needed. The current owner is selling to focus on expanding a wholesale business and is willing to provide full handover support to ensure a smooth transition.Stock is excluded from the sale price, and the owner is willing to take back stock for storage in their warehouse, making the deal more flexible. Viewings are by appointment only.