Thriving Off Licence Business with Living Accommodation in Southampton Growth Potential
Southampton, Hampshire
- Status
SOLD / WITHDRAWN
- Date Submitted:
27/02/24
- Advert ID
607465
- Leasehold: £70,000 (Stock at valuation)
- Rent: £14,400
- Turnover: £364,000 (£7,000 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Fully Fitted
- Small Business
- Potential for Alternative Use
- Close to Local Amenities
- Town Centre location
Business Details
Thriving Off Licence Business with Living Accommodation in Southampton Growth Potential
Off Licence business for sale in Shirley, Southampton. This business has been established and thriving for approximately eight years. I've had the privilege of owning and operating this establishment for 2.5 years.
The property is leasehold with the asking price of £70,000. The current annual turnover for the business stands at a substantial £364,000. The venture has enjoyed increasing turnover in the last year, providing a strong indication of the business's profitability.
Strategically placed, the location experiences high footfall. It has convenient public transport links with various bus routes passing by and the Southampton train station located nearby. The property is situated just 1.5 miles away from the bustling city centre, making it an accessible and popular location.
The sale includes all the fixtures and fittings, and the stock will be valued separately.
The property also contains a one-bedroom flat situated above the shop premises. This could serve as a comfortable accommodation for the new owner or can be rented out for additional income.
One of the major reasons for selling this established venture is due to other business commitments. The business runs seven days a week, with opening hours from 8am to 10pm. However, there is potential to increase the operating hours, as a licence is available from 6am to 11pm.
The business is currently family run, supported by a part-time staff member. To ensure a seamless transition, we are willing to offer requisite training opportunities to the new proprietors. If you're interested or wish to learn more about the finer details of this business, please feel free to contact me.
Map
What's Nearby
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
Contact seller
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
Get Solicitor
