Established, Profitable Discount Warehouse in South Yorkshire for Sale Due to Owner's Retirement
Undisclosed, South Yorkshire
- Status
FOR SALE
- Date Submitted:
29/11/23
- Advert ID
603237
- Reference
590260 / Rightbiz
- Call Agent:
- Leasehold: £165,000
- Turnover: £1,397,523 (£26,875 Per week)
- Net Profit: Not Applicable
Business Details
Off License & Convenience For Sale in South Yorkshire
DISCOUNT WAREHOUSE in South Yorkshire for Sale.This old established general cash and carry business supplies a wide range of products including foodstuffs, soft drinks, confectionery, pet foods, tools and hardware to retailers, catering trade and the general public. It has been in the same hands for circa 30 years and has proved itself to be very profitable for our clients who are now reluctantly offering the business for sale due to retirement. Annual turnover £1,397,523. Adjusted net profits on latest accounts in excess of £140,000. Run by our clients with the assistance of a small team of staff and all of the necessary contacts to ensure the future success of the business, all of which will be passed over to the new owner. Situated just off this busy South Yorkshire city centre, this is an excellent opportunity for a new owner to build on these solid foundations and continue to drive the business forward. The premises briefly comprise ground floor warehouse offering a sales floor of circa 5,800 square feet with first floor storage facilities and private office. EPC Band D.
Stock £150,000.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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