Off-licence business with 1-Bed Flat for sale in North London, Enfield
Enfield, London
- Status
FOR SALE
- Advert ID
644233
- Leasehold: £90,000 (Stock at valuation)
- Rent: £14,000 (£1,167 per month)
- Turnover: £364,000 (£7,000 per week)
- Profit: On request
Key Features
- Potential for turnover growth
- Suitable for first-time buyers
Business Details
Off licence business with 1 Bed Flat ~ North London (ENFIELD)
Take advantage of this unique opportunity to own a thriving off-licence business along with a one-bedroom flat in the prime location of Enfield, North London. Priced at just £90,000 (leasehold), this establishment caters to a densely populated residential area and is strategically situated behind a major new development zone. The shop is well-positioned in a bustling neighbourhood, ensuring a steady flow of foot traffic and creating an ideal atmosphere for convenience shopping.
The business boasts impressive weekly turnover figures, generating between £7,000 and £8,000. With an annual rent of £14,000 – approximately £1,166 per month – this operation represents a stable investment opportunity. The current lease has eight years remaining and includes provisions for a rent review every four years, along with the option for a renewable or extendable lease.
Beyond the core turnover, there are additional income streams that enhance profitability. Services like PayPoint, Oyster top-ups, and lottery ticket sales contribute extra revenue, making this business not only well-established but also diversified in its offerings. The off-licence features a wide variety of products, including international foods and beverages, and is complemented by a well-stocked produce section that includes fresh fruits and vegetables along with essential grocery items.
With significant potential for growth and expansion in the local market, this off-licence is an attractive prospect for both owner-operators and small investors. The evolving area, driven by nearby major developments, presents a promising future for any new buyer eager to tap into its expanding customer base.
Serious enquiries are encouraged – please reach out for further information, financial accounts, or to arrange a viewing of this exceptional opportunity.
Key Highlights
Situated in a bustling area, this established off-licence offers:
- A diverse range of products catering to various customer needs
- Add-ons like PayPoint and Oyster top-up facilities
- Enhanced accessibility thanks to a prime location with high foot traffic
- Strong potential for turnover growth, especially appealing to first-time buyers
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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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