City of London Convenience Store with Post Office Local & Off Licence for Sale, Potential for Growth
City of London, London
- Status
FOR SALE
- Date Submitted:
09/03/23
- Advert ID
509628
- Reference
G8963 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Turnover: £806,000 (£15,500 Per week)
- Net Profit: Not Applicable
Business Details
Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence Plus Post Office Local for Sale
WE ARE INFORMED the turnover averages £15,500 per week in our opinion offering further potential to increase in the right hands. In addition the business has Oyster & we understand this provides a commission of approximately £100 per week Post office income £30,000 per annum The business also has Paypoint & we are advised this provides a further commission of approximately £100 per week FEATURES:SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, 2 tills with EPOS scanning system, modern shelving, 2 large glass slding topped chest display deep freezers, 1-3.75m open cool display unit (used for dairy produce, soft drinks, milk etc), 1-1.5m open cool display unit (used for wines & beers), 3-door glass fronted soft drinks display fridge (on loan from Coca Cola), upright glass fronted display fridge, Háágen Dazs ice cream deep freezer, additional glass topped ice cream deep freezer. Post Office counter (1 position) etc.
Rear stockroom with chest deep freezer, double door glass fronted fridge
Staff w.c. PRICE:
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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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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