Established Off Licence Convenience Store in Newcastle's Heart For Sale - Great Expansion Potential
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
29/02/24
- Advert ID
607610
- Freehold: £320,000 (Stock at valuation)
- Turnover: £650,000 (£12,500 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Prime Location
- Established Business
- Central Position in Affluent Village
Business Details
Convenience store for sale freehold
The established Off Licence is conveniently located in the heart of Blaydon, Tyne, and Wear, a bustling and populous town. This prime position within an affluent village adds to its allure for prospective purchasers. The establishment is being offered for sale with an asking price of £320,000. With a current turnover of £650,000, this presents a substantial business opportunity.
The Off Licence is renowned for its broad product range. This includes a well-stocked variety of alcoholic and non-alcoholic drinks, groceries, snacks, confectionery, and household items. Their beverage coolers are well-maintained, offering an enticing selection for patrons. Moreover, their additional services such as beverage dispensing equipment and a lottery terminal further enhance the potential earning capacity of the business.
Within the bright and clean space of the business interior, there is ample floor space for customers to comfortably navigate their shopping. The well-maintained facilities boast modern refrigeration units for perfect product preservation. Additionally, ample shelving allows for intuitive product display, ensuring smooth flow of customer movement and enhancing the shopping experience.
Accountability and transparency are fundamental values of this established business. As such, business accounts are available for viewing, allowing prospective buyers an in-depth understanding of the business' financial standing.
In addition to its established business model and prime location, the Off Licence has potential for expansion, as longer opening hours may be considered. This offering presents an unmissable opportunity for business-minded individuals seeking to secure an established business in a vibrant location.
For more information on (available on request)
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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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