Off-licence for sale in Edgware London with a range of products available
Edgware, London
- Status
FOR SALE
- Advert ID
648451
- Leasehold: £95,000
- Rent: £19,500 (£1,625 per month)
- Turnover: £286,000 (£5,500 per week)
- Profit: Not Applicable
Key Features
- Accessible for local customers
- Accessible market location
- Attractive asking price for buyers
- Prime location on main street
Business Details
Off licence for sale in Edgware
We are pleased to present an exciting opportunity to acquire a well-established off licence located in Edgware. With a solid weekly sales figure of £4,000 to £5,000, this business demonstrates a strong financial performance, making it an enticing prospect for any potential buyer. The off licence benefits from a remaining lease of 16 years, offering a long-term opportunity to establish and grow the business further. Additionally, a scheduled rent review in 2029 may lead to adjustments in the current annual rent of £19,500.
The off licence features well-stocked shelves brimming with a diverse selection of alcoholic beverages, soft drinks, and snacks. Its prime location ensures high visibility and accessibility for local customers, complemented by extended opening hours and an inviting storefront. Beyond traditional offerings, the business provides added convenience through services such as lottery ticket sales, PayPoint transactions, and cash withdrawals.
The layout of the store is clean and organized, featuring a customer-friendly checkout area that enhances the shopping experience. The diverse range of products caters to a wide customer demographic, including grocery items, toiletries, and even toys, ensuring that it meets the varied needs of the community.
Established and Reliable
Having been in operation for 15 years, the business has built a reliable reputation within the local market. The current owner has successfully run the off licence for the past two years and has witnessed an increase in turnover during this period, highlighting its potential for continued success.
Strategically Located
The off licence is situated on a main street, with nearby amenities such as shops and restaurants that draw in customers. This strategic positioning, combined with an attractive asking price, makes this business an appealing opportunity for anyone looking to invest in a thriving market.
Additional Benefits
- Accessible for local customers
- Convenient market location
- Attractive asking price for buyers
- Prime location on main street
In summary, this off licence in Edgware is a well-rounded business with substantial potential. With a committed customer base, strong sales figures, and a prime location, it stands as an excellent opportunity for potential buyers.
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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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