Established Off-Licence European Food Shop in Ipswich Suffolk for Sale, Includes Transition Training
Ipswich, Suffolk
- Status
FOR SALE
- Date Submitted:
16/03/24
- Advert ID
608333
- Asking Price: £99,000
- Turnover: £500,000 (£9,615 Per week)
- Net Profit: Not Applicable
Key Features
- Accounts Available
- Established Business
- High Turnover
- Prime Location
- With Car Park
- Attractive Business
Business Details
Off licence European Food Shop
European Food Shop Off-Licence
The European Food Shop is an established off-licence business that has been successfully trading for over a decade. The sale includes the transition training as well as the supplier relationships necessary to maintain continuity in service and product availability. Conveniently, the shop has a business rates relief under the small business scheme, ensuring no extra costs for the new owner.
The premises feature a one-bedroom flat above the shop, with its entrance via the storage room. This residential living space is included in the shop's rental agreement, offering potential live-in accommodation for the new owners. A parking permit for the flat is also provided, and customers have the advantage of having a nearby car park for ease of access to the shop.
In addition, the shop comes fully equipped and stocked contributing to a seamless transition. The estimated value of the current inventory is around £30,000, including fridges, freezers, and other essential equipment. As an added benefit, all stock is delivered directly to the shop, negating the need for a business vehicle or delivery driver.
With a consistent track record of impressive turnover, averaging around £500,000 for each of the past four years, it's evident this business has a loyal customer base and solid financial grounding. The reason for the sale is that the current owner is moving abroad, presenting this excellent business opportunity to the market.
Listing Statistics
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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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