General Store for Sale in Lowestoft Suffolk
Lowestoft, Suffolk
- Status
FOR SALE
- Advert ID
648223
- Leasehold: £15,000
- Rent: £12,000 (£1,000 per month)
- Turnover: On request
- Profit: On request
Business Details
General Store for sale in Lowestoft Suffolk
For sale is a well-established general store located in the vibrant town of Lowestoft, Suffolk. This business has been successfully operating for over a year and is positioned to attract a diverse range of customers looking for convenience and everyday essentials.
Over the past year, the store has experienced a notable increase in turnover, highlighting its potential for further growth. The absence of direct competition in the local area allows for ample opportunity to expand the customer base, especially given the store's proximity to popular amenities. Nearby pubs and the bustling high street contribute to a steady flow of foot traffic, making it an ideal location for a retail business.
The sale includes essential fixtures and fittings, such as shelves and stock, if required, allowing a new owner to start trading without significant upfront investment. This represents a fantastic opportunity for anyone looking to enter the retail market or expand their existing portfolio. The asking price for this leasehold opportunity is available upon request. The annual rent is set at £12,000, making it a cost-effective venture in a thriving community.
Reasons for Sale
While the business has shown promising growth, the owner is seeking to sell due to family-related issues. This provides a unique opportunity for an interested buyer to take over a solid foundation and build on the success already achieved.
This general store is not just a business; it’s a community hub with the potential for further development. If you are looking to invest in a thriving retail opportunity in Lowestoft, this store could be the perfect choice.
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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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