Prime Location Off-Licence Shop in Walthamstow with Renovated 4-Bedroom Flat Above
Walthamstow, London
- Status
SOLD
- Advert ID
628607
- Leasehold: £98,000 (Stock at valuation)
- Rent: £20,500 (£1,708 per month)
- Turnover: £442,000 (£8,500 per week)
- Net Profit: On request
Key Features
- Accounts Available
- Established Business
- Prime Location
- Unique Business
- With Car Park
- Town Centre location
- Open Plan Trading Area
- Potential for Alternative Use
- Close to Local Amenities
- Attractive Business
- New Lease
- Fully Fitted
Business Details
Off licence in walthamstow
After 12 years of dedication, I am ready to take a break from running my shop and plan to move back to Turkiye. The shop, established 45 years ago, is located in a prime area of Walthamstow, London, and comes with a fully renovated four-bedroom flat above. This flat offers an additional income of £27,600 per annum (£2,300 per month), enhancing the shop's appeal with its low costs and significant potential.
Our shop offers a wide range of products and services, including spirits, beer, soft drinks, snacks, and confectionery. We are equipped with refrigeration units for chilled products and provide convenient services like PayPoint and Oyster ticketing. The shop is strategically located with ample storage space and is surrounded by amenities, such as Walthamstow Central Victoria Line, Walthamstow Bus Garage, and Walthamstow Theatre, which help attract a steady stream of customers.
The business currently has two employees and does not have an online presence. However, we are committed to providing training opportunities for the new owner to ensure a smooth transition. All fixtures and fittings, except for stock, are included in the price. The primary reasons for selling are my move to Turkiye and family commitments.
This off-licence store, priced at a leasehold of £98,000, boasts a current turnover of £442,000 with an annual rent of £20,500. Located in the town center with available parking, it is fully fitted and features an open-plan trading area, making it an attractive and unique business opportunity. Financial accounts are available for review, and there is potential for alternative uses of the space. Its convenient access to local amenities and strategic location make it a promising venture for a new and ambitious owner.
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This listing has been withdrawn from the market. We're currently awaiting confirmation from the seller. Please check back soon for updates.
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.
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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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