Silk Letting Ltd is delighted to welcome to the market a well-established DIY, grocery and convenience store in Stockwell, London. Location in a prime spot in the heart of a residential area benefitting from regular customers in addition to passing by customers.
The business prides itself in selling a variety of goods including grocery and DIY and has built up a loyal client base with 5-star reviews online. This is a fantastic opportunity for any new owner to take over with growth potential.
The business offers other services including:
– Amazon drop off
The business is well presented throughout and benefits from a large area at the front of the shop that can be used for displaying stock and a nearby car park for use by both staff and customers. The property is based over one floor and includes a large main sales area with all the fixtures and fittings needed to run the business to its full potential, a storage area and toilet.
Fixtures, Fittings and Stock:
The business is fitted and well presented and all shelving and fixtures are included. The owner owns all his own stock and this is not included in the asking price but is available to any new owner to buy for between £10,000 – £15,000. The current owner is happy to provide a handover period.
The business is located on a busy main road close to the A3 and A203 and is surrounded by local amenities including cafes, restaurants, pharmacy, takeaways and is close to a residential area. There is a constant stream of passing trade creating a high footfall for the business to enjoy. The area is also served well by the public transport system with bus stops nearby and parking outside of the business for both staff and customers.
Monday – Sunday 9 am – 9 pm
The business currently employs 1 staff member who will be removed from the position when the business is sold.
Tenure and Financial Profile:
Leasehold property. There are currently 3 years left on the lease. The landlord is happy to make a new lease with any new owner.
Rent – £1600 per month
Annual Rent – £19,200
Approximate stock value – Between £8000 – £10,000
The business benefits from a small business rates relief meaning it is exempt from paying any business rates.
The property is fitted with front shutters.
Reason for sale:
The owner is selling the business due to other business ventures.
The business does not currently have a website or any social medial accounts for the business, the new owner could create a website that allows customers to order and pay online and create accounts for pages like Facebook and Instagram.
The new owner could also offer a delivery service to the local residential area.
The new owner could obtain licenses to sell alcohol.
Increase the products sold within the shop.
A viewing of this business is highly recommended to appreciate its true value and the potential it has for a new owner.
Contact Sharon at Silk Letting on 0161 507 9791 or firstname.lastname@example.org to secure your viewing today!