Off-license shop for sale in City of London, strong foot traffic and residential support
City of London, London
- Status
FOR SALE
- Advert ID
647353
- Leasehold: £55,000 (Stock at valuation)
- Rent: £19,200 (£1,600 per month)
- Turnover: £260,000 (£5,000 per week)
- Profit: £75,000 (ROI 136.36% • Payback 0.73 years)
Key Features
- Financial details included
- Significant repeat business potential
- Smooth transition process
- Staff facilities included
Business Details
Well presented off license shop in busy location with high footfall and lots of residential
This well-presented off-licence holds tremendous potential for growth and is strategically located in the heart of Seven Sisters Manor House and Stamford Hill. Nestled between the new Manor House apartments and the Artists Village, it serves a community of 2,000 residents who rely heavily on this shop due to limited alternatives in the area. With ongoing daily success and a steady influx of customers, potential buyers are warmly invited to visit and explore this remarkable opportunity, with assistance available for any inquiries.
The shop boasts an extensive range of alcoholic beverages, including a varied selection of spirits, wines, and beers. In addition to these offerings, customers can choose from an assortment of non-alcoholic drinks and energy beverages. Convenient late-night operating hours ensure it meets the needs of the community, while well-organised shelving and displays provide easy access to products. The shop also features a range of retail items such as snacks, vapes, and various convenience goods, enhancing its appeal to a broad clientele.
This flourishing business is well-supported by nearby amenities, including bus stops, cafés, and multiple residential buildings that contribute to its steady foot traffic. The business comes equipped with essential fixtures and fittings, such as shelves and fridges, making it easier for new owners to seamlessly transition into ownership.
Financial Overview
The leasehold price is set at £55,000, with a current turnover of £260,000 and an annual rent of £19,200. The profit margin stands at £75,000, indicating a robust financial position. Over the past year, there has been a notable increase in turnover, showcasing the shop's capability for sustained growth and profit enhancement.
Key Features
- Significant repeat business potential
- Smooth transition process for new owners
- Staff facilities included for convenience
- Ample storage space to support operations
- Strategically positioned in a market town
- History of strong tenant relationships
- Consistent year-over-year growth
- Reliable trade throughout the year
In summary, this off-licence not only presents a fantastic investment opportunity but also thrives within a supportive community. With established customer relationships and a promising growth trajectory, it offers an ideal setting for both new and experienced entrepreneurs looking to make their mark in the retail sector.
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
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
