Profitable, Established Newsagents/Off Licence Business in Sheffield for Sale
Sheffield, South Yorkshire
- Status
SOLD / WITHDRAWN
- Date Submitted:
28/02/24
- Advert ID
607507
- Reference
R08123 / Rightbiz
- Call Agent:
- Leasehold: £40,000
- Turnover: £216,497 (£4,163 Per week)
- Net Profit: Not Applicable
Business Details
Successful & Long Running Newsagents & Off Licence in Sheffield
The business for sale is a successful and long-running newsagents/off- licence, which is based in Sheffield. The company was originally established in 1967, with the current owners taking over in 2018. Under the present ownership, the newsagents has continued to grow steadily and has gained an excellent reputation and a loyal customer base.
The newsagent prioritises providing customers a wide range of products and services, including newspapers, magazines, lottery tickets, confectionery, soft drinks, groceries, greeting cards, toys, stationery, photocopying, and much more.
The newsagent holds an alcohol license, however, they do not currently sell alcohol due to personal reasons. The new owner could choose to start selling alcoholic drinks, which is likely to draw in extra trade.
The company currently opens between 7.00 am and 16.00 pm Monday to Saturday, with Sunday opening hours of 9.00 am to 12.00 pm. There is huge scope for the new owner to extend opening hours.
The newsagents even has strong relationships in place with the suppliers of their quality products, which could normally be hard to attain for a new business. With huge potential for growth and low overhead costs, this fantastic business would be perfect for a family or owner-operator.
The current owner has advised they would be willing to consider reasonable offers should this facilitate a quick sale.
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Listing Statistics
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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.
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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.
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Advert pending deletion
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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