High-Turnover Canning Town Convenience Store – £900,000 Annual Sales and Low Rent

Discover a thriving convenience store located on one of Canning Town's busiest high streets in London. This well-established retail business has been trading successfully for 18 years and has been staff-run for the last 7 years, offering an exceptional opportunity for both hands-on owner-operators and investors seeking a profitable, turnkey retail operation. The business is offered as a leasehold acquisition at £280,000, which includes stock at valuation. The store generates impressive annual sales of approximately £900,000, translating to weekly turnover of £17,300. Despite the substantial revenue, the business benefits from exceptionally low overheads, with annual rent of just £16,000. Situated on a busy high street in Canning Town, London, the store enjoys exceptional foot traffic and visibility. The location is surrounded by multiple retailers, schools, and excellent transport links, ensuring a constant stream of customers throughout the day. The store offers a comprehensive product range including groceries, snacks, confectionery, chilled and frozen foods, household essentials, fresh produce, and an extensive off-licence area with beers, wines, and spirits. Currently operated entirely by staff, the business provides flexibility for a new owner to either continue the hands-off management model or step in personally to drive further growth.

Business Overview

What makes this business stand out.

• £900,000 annual turnover with £17,300 weekly sales
• Exceptionally low rent of only £16,000 per annum
• Established 18 years with proven track record
• Staff-run for 7 years - hands-off operation
• Prime busy high street location in Canning Town, London
• Includes stock at valuation, fixtures and fittings
• Comprehensive product range including off-licence
• Multiple growth opportunities: extended hours, hot food, delivery services

Financial Overview

Key financial metrics for this business at a glance.

Business Details

Location, size, and general business specifications.