MapShop for sale
Forest Gate, Forest Gate E7
Virtual tour
Shop
1,442 sq ft / 134 sq m
Features and description
- Tenure: Leasehold
- Spacious
- Near to Eastend shopping mall
- Close to Upton Park station
- Few minutes Drive to Forest Gate station
Video tours
This is a fantastic opportunity to acquire a well-established and profitable sweet shop located in the vibrant area of Forest Gate, specifically on Green Street in London. The shop is being offered for sale with an asking price of £130,000.
This shop has a basement as well which can be used for extra space for restaurant sitting or stock room. newly refurbished basement area.
Key Details:
- Lease Term: The lease term for this shop is 6 to 7 years, offering the buyer flexibility and stability. It is an open lease with a rent review every 5 years, ensuring fair market adjustments.
- Rent: The annual rent for the premises is £22,000, providing an affordable cost for the business operations.
- Rates: The rates for the shop amount to £10,000 per year, making it a manageable expense.
- Turnover: The sweet shop boasts a consistent weekly turnover of £5,000, showcasing its popularity and steady customer base.
- Ramadan Time: During the holy month of Ramadan, the shop experiences increased business, with additional revenue of £75,000.
- Gross Profit: With a solid 30% profit margin, the sweet shop ensures a healthy return on investment.
- Categories: The shop holds an A2 category, allowing flexibility for different business activities. it got a kitchen permission, expanding the potential offerings and revenue streams.
This sweet shop presents an excellent opportunity for entrepreneurs or individuals looking to enter the confectionery business in a vibrant location. With a proven track record, consistent turnover, and additional earnings during Ramadan, it has the potential for further growth and success. Don't miss out on this enticing business venture in Forest Gate, Green Street, London.
This shop has a basement as well which can be used for extra space for restaurant sitting or stock room. newly refurbished basement area.
Key Details:
- Lease Term: The lease term for this shop is 6 to 7 years, offering the buyer flexibility and stability. It is an open lease with a rent review every 5 years, ensuring fair market adjustments.
- Rent: The annual rent for the premises is £22,000, providing an affordable cost for the business operations.
- Rates: The rates for the shop amount to £10,000 per year, making it a manageable expense.
- Turnover: The sweet shop boasts a consistent weekly turnover of £5,000, showcasing its popularity and steady customer base.
- Ramadan Time: During the holy month of Ramadan, the shop experiences increased business, with additional revenue of £75,000.
- Gross Profit: With a solid 30% profit margin, the sweet shop ensures a healthy return on investment.
- Categories: The shop holds an A2 category, allowing flexibility for different business activities. it got a kitchen permission, expanding the potential offerings and revenue streams.
This sweet shop presents an excellent opportunity for entrepreneurs or individuals looking to enter the confectionery business in a vibrant location. With a proven track record, consistent turnover, and additional earnings during Ramadan, it has the potential for further growth and success. Don't miss out on this enticing business venture in Forest Gate, Green Street, London.
About this agent
Property Links was founded amidst the 1989 recession by two ambitious brothers, in the heart of East London. Since its very inception, an honest, professional and friendly service has been the cornerstone of our ethos, bringing us long-running clientele that have come to expect those very things that separate us from others. Over two decades later we are a reputable establishment, with three thriving offices in East London and Essex. Of course, all estate agents sell, rent and manage properties, but at Property Links, we are at the pioneering front with decades of experience, vast local knowledge, and the level of personal service that our clients know to be unrivalled in the market. Although our portfolio covers all of east and central London, our comprehensive local knowledge expands far beyond location and price. All our offices regularly maintain up to date information regarding local council tax brackets, rents and utility charges. We will even guide you on the best performing schools, nearest leisure facilities, fastest transport routes, local parking restrictions and even refer you to our vetted local tradesmen. Property Links is well respected and recognized by various regulatory bodies, local authorities and national housing associations. We also work closely with key UK professional bodies and abide by their strict code of practice to maintain our high standards. We are proud to state that we are: Members of The Property Ombudsman ISO 9001 registered ISO 14001 registered Tenancy Deposit Protection Scheme Accredited by London Landlords Accreditation Scheme These memberships provide sellers, buyers, landlords and tenants with peace of mind that they will receive the highest level of customer service. Property Links is not a stereotypical sales hungry estate agency. Our aim is to obtain the best premium price possible as we pursue quality not volume. We are truly an independent firm of estate agents i.e. not part of a chain, franchise, or owned by overseas investors. Indeed, we are passionate about what we do and how we do it.