15-Year Established Off-Licence Shop in Worthing West Sussex, Modern Facilities and Regular Customers
Worthing, West Sussex
- Status
FOR SALE
- Advert ID
629195
- Leasehold: £65,000 (Stock at valuation)
- Rent: £12,960 (£1,080 per month)
- Turnover: £111,000 (£2,135 per week)
- Net Profit: £19,000 (18% Profit margin)
Key Features
- Free of Tie Leasehold
- Town Centre location
- Open Plan Trading Area
- Large Business for Sale
- Company for Sale
Business Details
Last 15 year of the off licence shop
The business, located in a bustling town center, boasts a well-organized and spacious layout featuring a diverse selection of snacks, confectionery, additional retail items like stationery, and household essentials. Modern refrigeration units accommodate beverages and frozen goods, ensuring freshness and appeal. Coupled with its strategic location in a high-traffic area, the shop benefits significantly from its proximity to popular amenities, such as a nearby restaurant, which helps draw in a steady customer base.
Having been established for 18 years, the current owner has successfully managed the business for the past 7 years. There is a modest team of two employees keeping the operations smoothly running. The business, which started as an off-licence shop 15 years ago, is situated in Worthing, West Sussex and is now available for sale. The leasehold price is £65,000, with a current turnover of £111,000, offering a profit margin of £19,000 yearly. The annual rent stands at £12,960, presenting a Free of Tie Leasehold opportunity.
While the business is thriving, it is being sold as the family plans to relocate to another city. This open-plan trading space is perfect for someone looking to invest in a well-established business in a vibrant location, making it an attractive and viable opportunity.
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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.
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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