Green Street, Forest Gate, London, Forest Gate, E7

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.