High Standard Convenience Store in Stockton On Tees, Ideal for Family Business
Stockton on Tees, County Durham
- Status
SOLD / WITHDRAWN
- Date Submitted:
15/03/24
- Advert ID
608272
- Leasehold: £80,000 (Stock at valuation)
- Rent: £10,400
- Turnover: £208,000 (£4,000 Per week)
- Net Profit: On request
Key Features
- Small Business
- Fully Fitted
Business Details
Convenience Store in Stockton On Tees
A newly established convenience store was launched and fitted to a high standard in February 2024. This shop, located in Stockton on Tees, County Durham, stands as an optimal business opportunity for couples or families. The strategic location of the store offers a significant potential for growth, making it an ideal platform for additional services.
The store, which was an empty unit for many years, saw a remarkable transformation in February 2024. Under new management, the unit was transitioned into a fully fitted convenience store that is now for sale for £80,000, with the current turnover standing at £208,000. The shop's estimated valuation of stock is approximately £45,000.
However, the owner has decided to sell only due to the involvement in other business interests. As such, serious buyers who can provide proof of funds are preferred to ensure the efficiency of the transaction. The owner is open to the nearest offers, positioning this transaction as a great opportunity for ambitious small business owners.
Interested parties to call (available on request) to discuss viewings
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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.
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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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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.'.
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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
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