Off-License Grocery Store with Draught Beer Dispenser for Sale in Portsmouth
Portsmouth, Hampshire
- Status
FOR SALE
- Advert ID
617971
- Reference
S1737 / Rightbiz
- Call Agent:
- Leasehold: £79,950 (Stock at valuation)
- Rent: £12,000 (£1,000 per month)
- Turnover: £104,000 (£2,000 per week)
- Profit: Not Applicable
Key Features
- Accounts Available
- Town Centre location
- Price Reduced
- Offers Invited
Business Details
Demanded Off License And Grocery Store In Portsmouth with Draught Beer dispenser
This is a highly popular independent convenience store that is positioned in the heard of Kingston Road in Portsmouth. The business has been trading successfully for several years and has recently benefitted from a significant renovation from its current family owners.
Currently generating approx. £2,000 per week in revenue, but holds potential to increase this significantly.
The current opportunity fills a gap in the market for a European foods store that provides an accessible and extensive product range or groceries, household items, confectionary, tobacco and alcohol. It is understood that the business has the broadest selection of alcohol in the area and even benefits from draught beer capabilities via a Lindr dispensing machine.
There is a fair and flexible lease in place for the ground floor unit that also benefits from a private external terrace to the rear to compliment the circa 3,000 sq ft of retail space. There is no long term debt of borrowing for the business and we are advised that there is typical stock holdings of around £25,000 at cost value.
The current owners are now wishing to sell due to family commitments and are flexible with sale conditions to facilitate a quick exit.
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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.
Be safe, use a Rightbiz Solicitor
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