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CONFIDENTIAL SALE
SOLD / WITHDRAWN
10/04/24
609570
A well-established convenience store is on offer for sale in the prime location of Stratford, London. Having been a pivotal community trade hotspot for over a decade, this business has seen successful operations for a substantial period. I have had the privilege of owning this store for 4 years and am now offering it for sale.
The premise is located in a prime high street location, making it an attractive prospect. Apart from catering to a regular local clientele, this location adds the advantage of significant passing trade due to its main road visibility. Moreover, the healthy competition on this bustling high street proves beneficial, aiding the growth and sustainability of the business.
The leasehold price for this lucrative business is set at £240,000, with a notable current turnover of £800,000. Included in the price are all fixtures and fittings, which will seamlessly lend themselves to continued operation under new ownership.
The store operates from 7:30 am to 11 pm, with slightly adjusted hours on Sundays starting at 8 am. Currently, there are two full-time employees, and one part-time employee, who help maintain a smooth daily operation.
To make the transition as easy as possible, we are more than happy to offer training opportunities for the new owners. This will not only retain the existing rapport with our local customers but also keep the business operations uninterrupted. If you require further information or are interested in exploring this business opportunity, please do not hesitate to contact me.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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