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Wigan Based Convenience Store for Sale, Great Investment Opportunity

Wigan, Manchester
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Convenience (Off Licence) store for sale in Wigan Photo 1
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Convenience (Off Licence) store for sale in WiganConvenience (Off Licence) store for sale in WiganConvenience (Off Licence) store for sale in Wigan
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    21/11/23

  • Advert ID

    602915

  • Leasehold: £55,000 (Stock at valuation)
  • Rent: £8,500
  • Turnover: £300,000 (£5,769 Per week)
  • Net Profit: £100,000 (34% Profit margin)

Business Details

Convenience (Off Licence) store for sale in Wigan

I am selling due to other business commitments that prevent me from being able to attend to this particular business. The venture was started over 14 years ago and has been under the current management since 2018.

The new owners would have the opportunity to increase operating hours if they choose to, as the business is licensed from 8 am to 11 pm. Currently, the business opens from 11 am to 10:30 pm.

With the proper management and commitment, the weekly turnover has the potential to reach up to 15,000. Currently, the business is run by staff members alone with little or no attention from the owner due to competing obligations.

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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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SOLD OR WITHDRAWN FROM THE MARKET
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.

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