Fishmongers in South Hampshire for Sale with Leasehold or Freehold Options Available
Undisclosed, Hampshire
- Status
FOR SALE
- Advert ID
658328
- Reference
SEBB 104293 / Rightbiz
- Call Agent:
- Leasehold: £740,000 (Stock at valuation)
- or
- Freehold: £1,140,000 (Stock at valuation)
- Turnover: £978,000 (£18,808 per week)
- Profit: £180,000 (ROI 15.79% • Payback 6.33 years)
Business Details
Well Established Exceptionally Profitable South Hampshire Fishmongers For Sale
Here is an excellent opportunity to acquire an extremely profitable South Hampshire fishmongers.
The business is on target to achieve just under £1 Million this year based on the phenomenal year on year exceptional growth that the company is experiencing.
The business supplies both fresh and frozen fish as well as its own smoked products and shellfish of the highest quality from exceptional carefully selected local and national suppliers.
The business currently supplies both the trade and the public.
The business operates from premises that are located in an area that is integral to the phenomenal growth of the business and therefore the business is being offered on both a leasehold or freehold basis. The value of the property is estimated to be £400,000.
The company achieved a turnover of £850,000 over a 14 month period due to a change in the tax year, which represents an average monthly turnover of over £60,000 or £730,000.
For the first eight months of this year, the turnover is in excess of £650,000 showing a 34% increase in turnover from the same period last year putting the business on track to achieve a turnover of just under a million in the current financial year and an estimated profit of £180,000 before tax .
The stock will be sold at valuation.
The reason for the sale is due to the retirement of the owner.
The basis of the sale will be on a debt free/cash free basis.
There will be a reasonable handover period
Property InformationProperty:
Available as freehold and leasehold
Contact Agent
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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.
Be safe, use a Rightbiz Solicitor
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