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The established business in question has been operational for two years, owned by the current proprietor during this entire period. This thriving business is advantageously placed near several shops, restaurants, and public services that naturally attract potential customers to the area.
The commercial environment for this business is competitive, predominantly facing rivalry from off-license shops. This hasn't impeded its growth, with the business experiencing a steady rise in turnover year on year. The owner currently employs two members of staff and maintains an active online presence for the business.
This business is an established off-license shop, which is favourably located in the town center of Coseley, West Midlands. Also, it comes with the added convenience of a car park, adding to its appeal. In proximity to local amenities, it can attract additional footfall.
The business is for sale at a leasehold price of £85,000, generating an impressive current turnover of £312,000. The annual rent paid stands at £7,200. The attractive sale price includes all existing stock and the shop comes fully fitted with necessary fixtures. Furthermore, the business offers trade gardens for interested buyers. With accounts readily available for review, it remains an appealing proposition for potential investors.
The reason driving the owner to sell this profitable enterprise is a planned move to London. The selling package includes a new lease, ensuring a seamless transition for the buyer. The business is an attractive buy due to its establishment status, high turnover, and prime location.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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