Off Licence for Sale in Greenwich London with Weekly Sales of £20,000
Greenwich, London
- Status
FOR SALE
- Advert ID
656318
- Reference
1318 / Rightbiz
- Call Agent:
- Leasehold: £400,000 (Stock at valuation)
- or
- Freehold: £1,200,000 (Stock at valuation)
- Rent: £42,000 (£3,500 per month)
- Turnover: £1,040,000 (£20,000 per week)
- Profit: On request
Key Features
- Licensed for off-premises sales
- Operates seven days a week
- Potential for increased stock availability
- Potential for increased turnover
Business Details
High Turnover Off Licence For Sale In Greenwich, London – Freehold or Leasehold – £20,000 Weekly Sal
A rare opportunity to acquire a high-turnover off licence/convenience store in Greenwich, South East London, available on either a freehold or leasehold basis.
The business is currently achieving approximately £20,000 per week in sales and, we are advised, benefits from no direct competition in the immediate area.
There is significant further potential for a hands-on operator to develop the business, with estimated scope to increase turnover towards £30,000 per week by increasing stock levels, expanding the product range and improving day-to-day owner-management.
Key Business Details
- Location: Greenwich, South East London
- Business Type: Off Licence / Convenience Store
- Current Weekly Sales: Approximately £20,000
- Competition: No direct competition in the immediate area
- Freehold Asking Price: £1,200,000
- Leasehold Asking Price: £400,000 Stock
- Leasehold Rent: £42,000 per annum
- Broker/Agency Commission: Payable separately – POA
Freehold or Leasehold Opportunity
The property and business are available through two different purchasing options:
Freehold:
Purchase of the freehold at an asking price of £1.2 million.
Leasehold:
Purchase of the business on a leasehold basis for £400,000 Stock, with an annual rent of approximately £42,000.
This provides flexibility for buyers depending on whether they are looking for a long-term freehold investment or prefer to acquire the trading business on a leasehold basis.
Growth Potential
Despite already achieving approximately £20,000 per week, there is considerable scope to develop the business further.
The shop has potential to achieve approximately £30,000 per week through:
- Increasing overall stock levels
- Introducing additional product and convenience lines
- Improving availability of popular products
- Better merchandising and use of retail space
- More hands-on owner-management
- Developing the product range around local customer demand
- Maximising the benefit of the limited direct competition locally
With £20,000 weekly sales already established, a strong South East London location and the option to purchase either freehold or leasehold, this represents a substantial opportunity for an experienced retailer or investor.
Freehold Asking Price: £1.2 Million
Leasehold Asking Price: £400,000 Stock
Further information is available to serious prospective buyers.
For more information, WhatsApp 07577 323795.
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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.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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
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