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Off Licence for sale in South East London

Middlesex, London
Leasehold Price:
£50,000
Status
FOR SALE
Advert ID
142557
Reference
43158 / Rightbiz
• Traditional off licence
• Advised weekly takings in the region of £13,000
• Parade location on busy road
• Loyal and regular customer base

Ref. 43158 Profitable and well established traditional office licence. Situated on prime parade location in a busy area of South East London. Advised weekly takings in the region of £13,000. New 15-20 year lease on change of ownership. Leasehold

The Wine Garden is a traditional off licence occupying a prime trading location, situated on a very busy side road in South East London. It is surrounded by a mix of independent retailers and the immediate surrounding area is a highly built up, and densely populated residential area.

The business has a healthy passing trade and this is complemented by the surrounding businesses which include take away’s and convenience stores.

The Wine Garden was purchased by our client in 1999 and therefore boasts an extremely loyal and regular customer base, offering and extensive range of beers, spirits and liquors. We are informed by our client that the average weekly sales are approximately £13,000.

The profitability of the business could be enhanced as it’s currently run under management but would ideally suit an enthusiastic operator who could move the business on to the next level.
Offers in Region of £75,000.

Summary. An exciting and rare opportunity to acquire a well-established business which has been under the same ownership since 1999 and benefits from a loyal and regular customer base. An early inspection is recommended to avoid disappointment.
Listing Details
Leasehold Price: £50,000
Tenure: Leasehold
Location: Middlesex, London
Sector: Convenience Stores, Commercial Properties
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Advert Reference: 43158 / Rightbiz

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