Off Licence with Late Premise License for Sale in City of London
City of London, London
- Status
FOR SALE
- Advert ID
645345
- Reference
BASON33 / Rightbiz
- Call Agent:
- Leasehold: £119,000 (Stock at valuation)
- Rent: £20,000 (£1,667 per month)
- Turnover: £485,000 (£9,327 per week)
- Profit: Not Applicable
Business Details
Off Licence in a busy high street with Late License in London
An established and profitable off licence situated in a high-traffic area of London, offering excellent turnover, long-term lease security, and significant growth potential. This 12-year-old business is ideal for experienced operators or investors seeking a thriving retail opportunity in London.
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Please only enquire if you have funds already arranged and available for purchase. Proof of funds may be requested prior to further discussions.
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Business & Premise Details:
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Weekly Sales: Approximately £9,000 - £9,500Â
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Rent: £20,000 per annum
Business Rates: approx. £9,000 per annumÂ
Lease: 10 years (Renewable)Â
Rent Review : Every 5 yearsÂ
Premises License: 8:00 AM – 2:00 AM
Current Opening Hours: Monday to Saturday 11:30 AM – 2:00 AM, Sunday 8:00 AM – 10:30 PM (7 days a week)
Staffing: 2 Full-time & 1 Part time Staff
Services: PayPoint; currently no lottery or parcel services, with potential to apply
Alcohol: Minimum 2 beers permitted; no strong alcohol; potential to apply for extended license
Premises Features: Basement storage, front loading/unloading, parking via business permit
Competition : There are other similar businesses in the area.Â
Reason for Sale : RetirementÂ
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Important Notes:
All sales figures are advised figures only.
All clients must carry out their own due diligence prior to any purchase.
No Loan Clients will be entertainedÂ
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Viewing Requirements:
Serious enquiries only. Non-Disclosure Agreement (NDA) and proof of funds are required before full financial information will be disclosed.
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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.
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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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
