Prime London Off-License Store for Sale near Train Station
City of London, London
- Status
FOR SALE
- Date Submitted:
15/01/22
- Advert ID
288975
- Leasehold: £63,000
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: £100,000 (67% Profit margin)
Key Features
- Company for Sale
- Unique Business
- Offers Invited
- New Lease
- Retirement Sale
- Potential for Alternative Use
- Small Business
Business Details
Off license Shop for sale in London
Convenience/ off-licence store for sale
The shop has been established for 11 years. It is in a prime location (nw1.8ut) with the train station only a 3-minute walk away. There are several shops nearby. However, there is virtually no competition with it being the only shop of its kind in the area.
The current opening hours are nine am to nine pm, seven days a week. The shop is in a large area of 35x16 ft. It also has a large basement with a shower.
The yearly turnover is £80,000 and, there has been an increase over the years. The sale is for the leasehold of the business. The price is £63,000 or your nearest offer. It includes the fixtures, fittings and stock. The shop has an alcohol licence and a utility licence in place.
The shop is currently run by the owner and two employees at the moment. The owner is planning to retire soon and this is the reason for the sale. It can be a good opportunity in the right hands.
There is scope for the premises to be used for other business ventures as there is plenty of opportunity in the area. The owner is willing to offer training to the new owners.
Get in touch for more information.
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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.
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