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Off licence shop for sale in Hedon East Riding of Yorkshire with owner transition support

Hedon, East Riding of YorkshireEst. 30 years
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  • Status

    FOR SALE

  • Advert ID

    646412

  • Leasehold: £70,000 (Stock at valuation)
  • Rent: £16,000 (£1,333 per month)
  • Turnover: £374,400 (£7,200 per week)
  • Profit: On request

Key Features

  • Good transport links nearby
  • Goodwill and fixtures included
  • Potential for delivery services
  • High quality standards

Business Details

Busy off licence shop for sale

This well-established and thriving off-licence shop is situated in a desirable residential area, benefiting from a consistent flow of foot traffic and a loyal customer base. The store boasts an extensive range of products, including beers, wines, spirits, soft drinks, confectionery, and everyday essentials. With strong local trade and additional services, the business generates reliable income throughout the year. This operation is straightforward, making it an ideal venture for an owner-operator or a family-run business. The current owner has a genuine reason for selling, presenting an excellent opportunity for someone looking to take over a profitable convenience store with significant growth potential.

The business has been established for an impressive 30 years, with the current owner having operated it for the past two years. Its reputation has been bolstered by nearby amenities, including shops and restaurants, which attract further customers. Included in the sale are valuable fixtures and fittings, which add to the overall appeal of the venture. The decision to sell is due to other commitments, creating an opening for a new owner passionate about maintaining the store's success.

Additonally, the business employs two staff members, which allows for a manageable workload, and while it currently lacks an online presence, there is considerable room for digital marketing initiatives and e-commerce growth. The current turnover stands at £374,400, paired with an annual rent of £16,000 on the leasehold priced at £70,000.

Potential for Growth

This off-licence shop is enhanced by several appealing features. There are good transport links nearby, which contribute to customer accessibility. The sale includes goodwill and fixtures, ensuring a seamless transition. Furthermore, the potential to introduce delivery services presents an opportunity for expanding customer reach. The business prides itself on high-quality standards and operates under an independent business model, setting it apart from larger chains. On-site lottery services also add a unique selling point to the store's offerings.

Support for New Owners

Understanding the nuances of the business can be crucial for success, and the current owner is willing to provide training opportunities to any new proprietors. This support will ensure that the new owner is well-equipped to manage and further develop the shop, building on its legacy and continuing to serve the community effectively.

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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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