Shop for sale

Forest Gate, Forest Gate E7

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020 4517 3526

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0 bed

0 bath

Property description & features

Tenure: Leasehold
spacious
Near to Eastend shopping mall
Close to Upton Park station
Few minutes Drive to Forest Gate station

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. Additionally, it has received approval for A3 category, 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. Dont miss out on this enticing business venture in Forest Gate, Green Street, London.

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Property Links - Forest Gate

63 St George's Road London E7 8HT

020 4517 3526

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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.

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Property reference 114. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Property Links - Forest Gate.

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