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Popular Central Convenience Store In North East London

Hackney & Islington, Greater London

Asking Price £109,000
Turnover £610,208

Business overview

Established in 2004, the business has since been providing an extensive range of stock to its varying customer base, building a brilliant reputation amongst those in the local area.
Now only available due to the current owner’s relocation, a dedicated proprietor could utilise its well-stocked premises and high financial figures to take this turn-key operation to the next level.

Business details

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  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

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Business description

For approximately 14 years, the business has served as an invaluable cornerstone to the local community, providing residents and passing trade with a range of favoured products including general groceries, tobacco, confectionary and alcohol. The store also offers mobile top-up, Payzone, Keynest and photocopy services which provided another lucrative stream of revenue. The business also receives commission by displaying Lycamobile branding above the shop’s doors and is in possession of an A3 Licence, which could be utilised by a new owner for the sale of hot food.

Its wide-ranging clientele not only comprises regular local residents, but also tourists, traders, commuters and football fans visiting or passing through the district.

Trading from a single-fronted, terraced property, the store is exceptionally stocked to provide customers with everyday essential items. Its bold external signage and ATM machine entice passing clients into the shop, who are immediately met by a counter to the left and line of fridges and chilled cabinets to the right. Alcohol is displayed behind the counter and drinks and snacks line shelving on the general shop floor in abundance. A storage area, small office and toilet and shower room can also be found in the basement.

With little need for advertising, the business has built its excellent reputation and strong financial figures on word of mouth recommendation and as a result of its prominent, easily accessible

Business location

Close to busy transport links of both bus and overground, the store experiences a lot of passing trade from travellers and commuters. Customers are further attracted by its external ATM machine and complimentary businesses in the area, namely eateries, banks and other independent stores.

Its position next to a main roundabout and near the Emirates football stadium provides it with good visibility to those passing by on foot or by car. With the local area set to be fully pedestrianised by October and with minimal competition, trade is only set to increase further.

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