Bulgarian Convenience Store Supermarket for Sale in Walthamstow London

Description

Business type: Bulgarian convenience store and off-licence

Tenure: leasehold

Financial Information

Turnover for the 2023/2024 financial year: approximately £800,000

Annual rent: £26,000

Accounts: available

Business Information

Trading days: seven days per week

Opening hours: 9:00 am–7:00 pm

Product Range

• Bulgarian groceries
• Essential food products
• Household goods
• Alcoholic drinks

Premises

Retail area: approximately 1,000 sq. ft

• High Street position
• Spacious sales area
• Fitted retail premises

Lease Terms

Current lease remaining: approximately four years

New lease: may be available from the landlord

Staff

Employees: five

Staff transfer: available if required

Development Options

• Add Asian groceries
• Expand the ethnic food range
• Introduce National Lottery services
• Add PayPoint and Payzone
• Introduce mobile phone top-ups
• Sell newspapers and magazines
• Extend opening hours

Stock

Stock: excluded from the sale

Unsold stock can be retained by the current owner for warehouse storage.

Handover

Transition support: available from the current owner

Reason for sale: expansion of the owner’s wholesale business

Viewings

Viewings: by appointment only