Amma's Fare Off Licence retail business for sale in Woolwich, South East London
Woolwich, London
- Status
FOR SALE
- Advert ID
659354
- Reference
B09808 / Rightbiz
- Call Agent:
- Leasehold: £49,995
- Turnover: £180,000 (£3,462 per week)
- Profit: Not Applicable
Business Details
Amma's Fare Off Licence – Woolwich, South East London
BusinessPlease quote reference B09808
CoGoGo presents an excellent opportunity to acquire Amma's Fare Off Licence, an established retail business situated in the heart of Woolwich, South East London.
The business benefits from a prominent trading position on Powis Street and offers an opportunity for an enthusiastic new owner to take over an existing operation with potential for further development.
The business has been under the current ownership since 2022 and is now being offered for sale as the owner wishes to pursue another business venture.
Amma's Fare Off Licence operates as an independent off licence, serving the surrounding community and local shoppers.
The business has been operated by the current owner since 2022 and trades as a sole trader.
With an advised annual turnover of between £180,000 and £200,000, the business offers an incoming purchaser the opportunity to acquire an existing retail operation.
There is potential for a new owner to explore additional product ranges, promotional activity, local marketing initiatives and extended trading opportunities, subject to any necessary consents.
The business is being sold solely due to the owner's decision to move on to another venture.
Location
Amma's Fare Off Licence occupies a trading position at 169 Powis Street, Woolwich, London, SE18 6JL.
Powis Street is one of Woolwich's principal shopping streets, featuring a variety of national retailers, independent businesses and local amenities.
The premises benefit from a central location within an established commercial area, with convenient access to public transport, including Woolwich Arsenal and Woolwich railway stations.
Premises
The business operates from leasehold retail premises at 169 Powis Street, Woolwich.
The premises accommodate the existing off-licence operation, with business assets advised to have a value of approximately £7,500.
The established retail setting provides a platform for an incoming operator to continue trading and explore further opportunities for growth.
Tenure
The premises are held on a leasehold basis, with an annual rent of £21,000.
We are advised that the existing lease arrangement is for six years, with the possibility of extending the term to 20 years, subject to agreement and confirmation of the lease terms.
Hours
The current operating hours are:
Monday to Thursday - 7:30 am to 11:00 pm
Friday: 7:30 am to 12:00 pm
Saturday: 7:30 am to 11:00 pm
Sunday: 7:30 am to 10:00 pm
Staff
We are advised that the business operates with one part-time member of staff employed on a zero-hours contract.
The staffing arrangement may offer flexibility for an incoming owner wishing to take an active role in the day-to-day running of the business.
Financial Profile
We are advised that the business has the following financial profile:
- Annual Turnover: £180,000 - £200,000
- Stock Value: Approximately £12,500
- Business Assets: Approximately £7,500
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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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