High-Street Milk Tea Shop in Eltham, London with Growth Potential for Sale
Eltham, London
- Status
FOR SALE
- Advert ID
623596
- Leasehold: £85,000
- Rent: £28,000 (£2,333 per month)
- Turnover: £65,000 (£1,250 per week)
- Profit: £20,000 (31% Profit margin)
Key Features
- Currently Closed
- Close to Local Amenities
- New Lease
Business Details
Milk tea shop for sale london
This high street shop with tremendous potential is now available for sale due to personal reasons. Located in the bustling area of Eltham, London, it presents an excellent opportunity for buyers interested in investing in a well-established business environment.
The shop, a milk tea business, has been operational for two years, matching the duration of its current ownership. Situated in a prime location on the high street, it benefits from nearby amenities that attract a steady stream of potential customers, including shops, restaurants, and public services.
Competition in the area is minimal with only one other milk tea shop present, providing a significant advantage to new owners. The business includes all fixtures and fittings in the sale price, ensuring a smooth transition for prospective buyers. Moreover, there has been an increase in turnover over the past year, highlighting its growth potential.
Priced at £85,000 for the leasehold, with a current turnover of £65,000, the business offers a profit margin of £20,000 per year. The annual rent is £28,000. The sale includes all current stock, and a new lease is available. Despite currently being closed, the shop remains an attractive investment due to its proximity to local amenities and established online presence. Additionally, training opportunities will be provided to the new owners to support a successful takeover.
Staffing the shop are three employees who contribute to its day-to-day operations. The sale of the business is motivated by physical reasons, underscoring the importance of new ownership to drive this promising venture forward.
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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.
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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.
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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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