Grocery shop for sale in Waltham Abbey Essex with a 10-year lease and no business rates
Hoddesdon, Hertfordshire
- Status
FOR SALE
- Advert ID
630936
- Leasehold: £70,000
- Rent: £30,000 (£2,500 per month)
- Turnover: £300,000 (£5,769 per week)
- Profit: On request
Key Features
- Large Business for Sale
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Attractive Business
Business Details
Grocery shop with Licence for sale in Hertfordshire
An established grocery shop with alcohol licence, previously serving as a Romanian market, is now available for sale. This business is situated in a prime location within Hoddesdon, Hertfordshire, characterized by a bustling environment with significant foot traffic and easy access for local customers. The shop is well-stocked with a wide range of East European products, appealing to a diverse clientele.
The interior of the shop is designed with a modern and attractive layout, providing ample space for product displays. It is fully equipped with essential fixtures and refrigeration units, ensuring a seamless operation. The business benefits from a strong local customer base, making it a valuable opportunity for potential buyers.
This opportunity comes with a 10-year lease and features the advantage of no business rates. The leasehold is available at a price upon request, and the current turnover stands at £300,000.00 with an annual rent of 30,000.00.
The business has been established for one year, with the current owner also having ownership for the same duration. All necessary documents, including a bank account, are in place, making the transition smooth for new ownership.
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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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