Off-licence and convenience store for sale in Northolt London
Northolt, London
- Status
FOR SALE
- Advert ID
644747
- Leasehold: £80,000 (Stock at valuation)
- Rent: £16,200 (£1,350 per month)
- Turnover: £312,000 (£6,000 per week)
- Profit: On request
Key Features
- Customer-friendly shopping environment
- Genuine reason for sale
- Ideal for first-time buyers
- Leasehold opportunity
Business Details
Off licence & Convenience Store for sale in Northolt
Located in the bustling area of Northolt, London, this well-established off-licence business presents a fantastic opportunity for potential buyers. With weekly sales ranging from £5,000 to £6,000, the store boasts a diverse inventory that includes a wide array of wines, spirits, and beers, alongside essential groceries. Its comprehensive stock also features soft drinks, energy drinks, bottled water, snacks, confectionery, and everyday household items, ensuring it meets the basic needs of the community.
The store's prime location ensures a steady flow of foot traffic, supported by a loyal customer base that frequents the establishment for convenience. Over the past 20 years, this off-licence has built a robust reputation, which has been further enhanced by additional services such as PayPoint, bus passes, and parcel services including Royal Mail, Amazon Hub, CollectPlus, and DPD. The business has seen a consistent increase in turnover, currently standing at £312,000, with an annual rent of £16,200.
A Winning Combination
This sale includes not only the leasehold at a price of £80,000 but also essential fixtures and fittings, making it an ideal option for first-time buyers looking to enter the retail sector. The business has three dedicated employees, contributing to a customer-friendly shopping environment that encourages repeat visits.
Reasons to Buy
As the current owner looks to relocate to the city, this presents a genuine opportunity for the right buyer to step into a successful operation with a strong turnover and healthy profit margins. Additional features such as a security and surveillance system further enhance the attractiveness of this business, ensuring peace of mind for the new owner.
Visit and Discover More
Potential buyers are encouraged to view the shop in person to appreciate its walk-in trading condition. Please note that viewings are strictly by appointment only, ensuring that interested parties receive the attention they deserve.#Please do not contact for time wasting Serious Buyers Only#
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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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