Profitable African & Caribbean Grocery Shop For Sale

Business
Please quote reference B08230

CoGoGo are pleased to welcome to the market Amazing Grace African Groceries is a well-established and profitable grocery shop located in the vibrant town of Leigh. Known for its diverse range of authentic African and Caribbean products, the store has become a go-to destination for locals seeking specialty groceries that are hard to find elsewhere.

This is an asset sale only, with assets currently valued at around £25,000, offering a excellent opportunity for a new owner to step in and take over a business with a strong foundation and loyal customer base.

Key features:

• Prime Location: Situated in a bustling area with high footfall and excellent passing trade, the shop enjoys maximum visibility and accessibility. The location is ideal for attracting both regular and new customers, with ample parking and convenient access to public transport links.
• Diverse Product Range: Amazing Grace African Groceries stocks a wide variety of authentic African and Caribbean food items, including spices, grains, beverages, fresh produce, and specialty frozen goods.
• Strong Customer Loyalty: With a dedicated customer base built over the past year, the business benefits from repeat clientele and word-of-mouth referrals. The store’s commitment to quality products and exceptional customer service has earned it a solid reputation in the community.

Business Potential and Growth Opportunities:

• Expansion of Product Lines: There is significant potential to increase revenue by expanding the product range to include additional high-demand items, such as health and beauty products, organic options, or other ethnic groceries. Introducing exclusive or seasonal products can also attract a broader audience.
• Marketing and Promotions: Currently operating with minimal marketing efforts, there is a tremendous opportunity to boost business through targeted advertising, social media engagement, and community events. A strategic marketing campaigns focused on local advertising, loyalty programs, and special promotions could significantly increase foot traffic and sales.
• Catering to Local Businesses: Partnering with local restaurants, catering companies, and other businesses that require bulk purchases of Arican and Caribbean products could provide consistent stream of income through wholesale supply agreements.

The current owner has successfully operated the business for one year but is now looking to sell to focus on other business commitments. This sale presents a unique opportunity for an entrepreneur or an existing business owner looking to expand into the ethnic grocery market with a well-established and profitable operation.

Amazing Grace African Groceries is a turnkey operation with a solid market presence and ample room for growth. With the groundwork already lain, a new owner can immediately capitalise on the store’s established reputation and expand upon its success. This is a rare opportunity to acquire a profitable business with a strong foundation in a thriving community

Don’t miss the chance to own a piece of the growing African and Caribbean grocery market in Leigh. For more information or to arrange a viewing, please contact CoGoGo today!

Location
Located in a busy area with a lost of pedestrian traffic and great exposure to passersby, the shop benefits from high visibility and easy access. This prime location is perfect for drawing in both loyal and new customers, with plenty of parking available and easy connections to public transportation.

Premises
Amazing Grace African Groceries occupies a vibrant single-fronted premises that immediately catches the eye with its bold and colourful signage. The storefront proudly displays its name in large, attention-grabbing letters, accompanied by a vivid array of African motifs and colours that reflect the rich cultural heritage of the products inside. The inviting exterior, adorned with images of traditional foods and staples, promises a diverse selection of authentic African groceries that draw customers in with a sense of warmth and familiarity.

Tenure
This opportunity is being sold on a Leasehold basis with 4 years remaining on a 5 year lease.

The current rent is £800 per month (including insurance is £900 per month).

Hours
The current operating hours are:

Monday to Wednesday – 9:00am to 7:00pm

Thursday to Sunday – 8:00am to 8:00pm

Staff
The business is run and managed by our client with the help of 2 temporary staff members.

Financial Profile
This business generated a turnover of £120,000. Full financials can be made available upon further request.