Featured Brokers
CONFIDENTIAL SALE
FOR SALE
24/03/23
510596
2406 / Rightbiz
Summary:
Business Description:
Silk Letting LTD are proud to present to the market a reputable mobile and electronics shop in Cirencester. This business is on a high street which means that it does attract a lot of attention due to the quality services that it provides From things such as:
Chargers
Power Banks
Headphones
Watches
Health & Beauty Products
Pet Supplies
Phone Repair Services and much more.
The wide range of services that the business offers has helped it gain an excellent client base, with many customers coming back for more. Alongside an excellent client base, it has also managed to build up a superb reputation with many 5-star reviews, giving this business a very strong look online.
These reviews also make the business very attractive to anyone who is viewing it online and could potentially attract new customers.
With all fixtures and fittings included within the purchase of the business and a fully functional website, it gives the new owner an advantage as things would be already set up for them, assisting them in an easy takeover.
The business operates from walk-in customs, Google and through Yell.
Location and Amenities:
Situated on a busy high street, this business is put in a prime location which generates a huge amount of footfall. One of the main factors is that it is surrounded by many popular amenities which benefit the business highly as it leads to a high amount of walk-in and passing trade. The surrounding shops are also all in a different trade which is an advantage as there is a lack of competition within the area.
With plenty of parking on nearby side streets, this business is very easily accessible for customers, staff, and the owner if they do need to travel to the premises via car.
Growth Potential:
Although this business is a success already, there are many ways in which a new owner can expand this business.
For example, a new owner could introduce a mobile service for the services that they offer. A buyer could hire staff to go out to clients with the correct tools to go and repair their phones or electronics if needed. This would make it more convenient for customers who may not want to travel to the premises. A lot of potential customers already may not spend money on the business goods as it may be too far for them to travel therefore, creating a mobile service could bring in a lot more customers and potentially help maximise profits and revenue.
Financial Profile:
Tenure: Lease (Rents Property Only) – 5 years left remaining on the lease
Turnover is available upon request.
Property:
The premises is very spacious spread throughout 2 floors, with the ground floor being presented with everything that the business offers and a basement.
The ground floor openly showcases all the products to potential customers who are inside and outside the shop or to people even passing by. The products catch the attention of anyone passing by which leads to a high amount of walk-in and passing trade.
The premises consists of a basement, kitchen, and a storeroom.
Security Features:
The business is fully equipped with 6 CCTV cameras, shutters and an alarm system which ensures that the premises is kept safe whilst attended to and unattended.
We advise our buyers not to miss out on this opportunity!
Fixtures and Fittings:
All fixtures and fittings are included in the purchase of this business which makes it ready for a new owner to get going right away.
A full list of assets is available upon request.
Staff:
The business currently employs 3 staff members with one of them being 100% sure that they are staying under new ownership. This gives the buyer an advantage as it gives them an already experienced and efficient staff member to work with.
The business is currently open:
Monday – Saturday – 9:00 am – 6:00 pm
Sunday – 10:00 am – 4:00 pm
Reason for the business sale:
The owner is currently selling the business due to other commitments, creating the perfect opportunity for a buyer like you to step in and continue the on-going success of this business. This is your chance to take this business to the next level.
A viewing of this business is highly recommended to appreciate its true value and the potential it has for a new owner.
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sales enquiries or arrange a viewing on 0161 507 9791.
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
Get Solicitor
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