FOR SALE
651933
Opened in mid-2024, this shop has quickly made a positive impression, with around 60% of customers expressing surprise at its availability. This new addition is situated among several other restaurants that have recently opened along the same street, providing a vibrant atmosphere. The only nearby post office, however, has limited hours, closing at 6 PM, which may limit customer traffic in the evenings.
An attractive feature of this location is the large car park situated directly opposite the shop, offering free parking for customers. Additionally, there is space available for parking right in front of the shop. The owner believes that with time and strategic advertising, the business will continue to flourish. While there are two other halal shops in the area that the owner manages, this shop is ideally sized—it is neither too big nor too small, making it suitable for a single staff member to manage effectively during shifts.
At the back of the shop, there are efficient storage facilities, along with two double bedrooms, a kitchen, and a toilet, enhancing the operation's functionality. Designed to high standards by a leading franchise, the shop boasts impressive features, such as LED shelves, quality fridges and freezers, solid fire exit doors, advanced alarm systems, and CCTV with a panic button for emergencies. The cost to install such premium fixtures and fittings is estimated to be between £45,000 and £55,000.
The business currently generates weekly sales of between £10,000 and £13,000, primarily from regular customers. Occasionally, customer turnout increases due to parties hosted at neighbouring restaurants, further bolstering sales. Despite its success, the owner is selling the shop due to family beliefs that do not permit the sale of alcohol. With two other shops under their management, the owner is letting go of this one and wishes the new owner the best of luck for the future.
Key Business Insights
The shop has been in operation for only two years. The owner has held the business for this same duration and believes that its potential for growth is considerable. With about eight restaurants in the vicinity, including two that have recently opened next door, customer attraction is promising.
Competitive Landscape
The area is characterized by a lack of direct competition, creating an advantageous environment for new ownership. The sale includes all fixtures and fittings at the asking price. Notably, the business has experienced a turnover increase over the past year, indicating a positive trajectory financially.
Reasons for Sale and Further Considerations
Ultimately, the sale arises from religious beliefs that preclude the owner from selling alcohol. The business is currently run with just one employee, and while it does not possess an online presence at the moment, the owner is willing to offer training opportunities to ensure a smooth transition for the new owner. This off-licence, located in Leeds, West Yorkshire, is a leasehold opportunity with an asking price available upon request. The current turnover stands at £572,000, with an annual rent of £19,800.
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.
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.
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.
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.
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.'.
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.
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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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