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Off licence for sale in Shanklin Isle of Wight, inquire for details and to discuss further.

Shanklin, Isle of Wight
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  • Status

    FOR SALE

  • Advert ID

    652223

  • Leasehold: £110,000 (Stock at valuation)
  • Rent: £25,000 (£2,083 per month)
  • Turnover: £468,000 (£9,000 per week)
  • Profit: On request

Key Features

  • Modern fitted premises

Business Details

Off licence for sale in isle of wight leave your number on enquiry soap i can call you

Discover an exceptional opportunity to own a well-established off-licence in Shanklin, Isle of Wight. This thriving store benefits from a spacious layout and is located in a prime area, far removed from any competition. With over twelve years of successful trading behind it, and under current ownership for five years, the business has demonstrated consistent turnover growth, reflecting its strong market presence.

The retail space is designed to optimise customer experience, featuring extensive shelving and refrigeration units that accommodate a diverse selection of beverages and snacks. The fully stocked displays include a wide array of both popular alcoholic and non-alcoholic options, catering to varied customer preferences. Additionally, a dedicated "Food To Go" station offers quick meal choices, perfect for busy shoppers looking for convenience.

Enhancing its appeal, the store boasts attractive promotional signage that highlights special offers, making great deals easily visible to potential customers. The interior design is modern and well-maintained, characterised by efficient lighting and a fresh aesthetic that creates a welcoming atmosphere for shoppers.

Nearby Amenities and Competitive Advantage

The local environment adds significant value to the business, with nearby amenities such as a caravan park and residential areas that draw in consistent foot traffic. Notably, the absence of direct competition in the vicinity provides a unique advantage, with competitors located at considerable distances away.

Business Operations and Financial Highlights

Currently, the store has a robust turnover of £468,000, with an annual rent set at £25,000. The business is operated with a small team of two employees, and it maintains a solid online presence, allowing for further growth potential in the digital marketplace. The current owner is committed to a seamless transition and is willing to offer training opportunities to the new proprietors.

Unfortunately, the reason for selling this thriving business is due to the flooding of the owner’s main shop on Caledonian Road in London, necessitating urgent repairs. This situation presents a unique chance for a dedicated individual to take over a successful operation in a prime location.

For investors seeking a viable retail opportunity on the Isle of Wight, this off-licence is a remarkable proposition. The leasehold opportunity is available upon request, so don't miss out on the chance to step into a flourishing business with an excellent reputation.

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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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The data showed regarding this advert 'Off licence for sale in isle of wight leave your number on enquiry soap i can call you ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.