Profitable Costcutter Store in Busy Watford Location Available for Sale
Watford, Hertfordshire
- Status
FOR SALE
- Advert ID
628210
- Leasehold: £500,000 (Stock at valuation)
- Rent: £19,000 (£1,583 per month)
- Turnover: £1,040,000 (£20,000 per week)
- Profit: On request
Key Features
- Town Centre location
- Fully Fitted
- Adjacent to Multiple Retailers
- Prime Location
Business Details
High turnover Costcutter store for sale in Watford
Located in the heart of a bustling street, a high-turnover Costcutter store in Watford is now available for sale. This store has been established for 15 years and has been under the current ownership for 14 years. It enjoys a prime location and offers a variety of services, including an off-license, groceries, and lottery offerings, which attract a steady and loyal customer base.
The store is well-equipped with sections for chilled beers, wines, and drinks, and it also provides a range of fresh produce and convenient snacks to go. For added customer convenience, there is an on-site ATM. The shop benefits greatly from its established foot traffic and has consistently seen an increase in turnover over the years.
Nearby amenities such as other shops and restaurants further contribute to the customer flow. Competition is minimal, with only one nearby corner shop. The sale includes all fixtures and fittings, making it a turnkey operation for the new owner.
The business is currently run with the help of four employees. While it does not have an online presence at the moment, there is potential for growth in this area. The current owner is offering training opportunities to ensure a smooth transition for the new owner. The reason for selling is a change in business interests.
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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.
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