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Business for sale in United Kingdom - Ej037-busy grocery store with halal butchers, money transfer and caf -west london

Asking Price: 115,000 £ Real Estate: Lease
Sales Revenue: 250,000 £
Net Profit: 50,000 £
Year Established: 2002
Employees: 3FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/West London

Business types:

Retail

Business categories:

Coffee and tea; Food & Beverages; Supermarkets & Grocery Stores

Business description

this thriving business, offering a range of diverse services to the local community has been built successfully by the present owner since he purchsed the site in 2002. Originally trading as a spare parts shop, the building has been converted to offer a range of services to the busy local community. Over the past 13 years dahab shiiltm has been providing money transfer solutions to the local population, specialising in transferring money to the african area, with a large focus on the horn of africa. With transfers of around £200,000 per month, this service provides revenue of over £15,000 per annum, but also assists in driving traffic through the front door. Within the grocery store there is a well known halal butcher serving the community, and local restaurants. At the rear of the building is a busy small café area. The café is self-sufficient and sub-rents the space from the vendor. Access is via the shop during trading hours, also with secure rear access, to allow customers to enjoy late night viewing of sporting events. Within the lease is a small room on the first floor of the building. This is sub-let to a small business owner providing textile and clothing repairs. They produce added revenue streams for the owner, and again draw customers into the building, where they can utilise the other services on offer. The vendor is in the enviable position of covering the rent and rate overheads from the businesses he sub-rents to. This allows a highly profitable operation, with extensive growth potential. Equipment: the business owns butchery machinery, full fixtures and fittings for stocking a grocery store, cash registers, money transfer machines, and credit card processing facilities. Customer service: the business prides itself on catering for the local community, and providing a one-stop shop for their daily needs. With groceries, halal meat, money transfer and a social café area, the store enjoys a regular client base who treat the business as a shop of choice in the location. The business is delighted to offer late hours viewing of events on a large screen, building loyalty. Key strengths: with the unique rights to the dahab shiiltm in the area, and the range of services provided in one location, the business offers a great reason to the local community to visit. The name has been established for over 7 years, and has built strong relations with customers and local businesses alike. Located in a busy area, and close to heathrow airport, the business enjoys customers through-out the day, and is a regular stop-off for customers on their way home from work. Growth and expansion and opportunities: there is real potential to build on the current trade levels, and open new product lines in store. With a focus on promotion further a field, the business could enjoyed increased traffic for café and money transfer business, which would draw people in. There is also the option, to take a great interest in margin from the café as opposed to the current simple sub-rent situation. There is has been some supply of halal meat to local restaurants, which could be built on to be the butcher of choice in the area.

Additional information

Additional information: Not Disclosed
Support & training: The vendor will provide support for a smooth transfer of the operation to new ownership.
Reasons for selling: He now wishes to stop the daily commute across London, and enjoy a greater work life balance.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Rent is around £17,000 with business rates of approximately £2,400.
Location: Leasehold with 8 years remaining. The business occupies approximately 1000 sq ft, split into grocery store with butchers, and café at rear. The lease also includes the upstairs room currently offering clothing repairs. Rent is around £17,000 with business rates of approximately £2,400.

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