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Reputable Computer & E commerce Shop

Colne, Lancashire
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  • Leasehold: £64,995
  • Turnover: £1,385,196 £26,638 Per week
  • Net Profit: Not Applicable

Business Details

    Established In Location Since 2005

    Accounts Year End 31st March 2021

    Annual Turnover £1,385,196

    Gross Profit £239,482

    Accounts Available After Viewing

    Sale Includes Business Website

    Large e-commerce Sales

    Retail Sales/ Repairs / Online Sales & Accessories

    Low Rent of £92 Per Week

    Loyal Customer Base

    EPC - E

Description:
REF 5559 – Leasehold Laptop Spares & Repairs Shop

Blacks Business Brokers are proud to bring to the market this leasehold laptop spares and repairs shop located in the much sought after area of Colne, Lancashire.

INTRODUCTION
The Laptop Spares Shop has been trading here on North Valley Road since 2005 and over that time it has firmly established itself within the local community and this business sector. The business has also secured a good online presence and reputation.

LOCATION
Colne is a popular town in Lancashire. It lies close to Burnley and Keighley with good links to the M65 and surrounding areas. The business is positioned well on this main road location with a busy retail park directly opposite. The area is close to the motorway with limited competition and plenty of passing trade.

REASON FOR SALE
The business is only being offered for sale due to our clients other business commitments and interests.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling yearly lease at a cost of £400 per calendar month.

BUILDING LAYOUT AND DESIGN
The business is housed within the ground floor of a mid-terraced, stone built property. There is a mix of other businesses and residential properties along this parade. The business is well branded externally, with clear signage on display and painted exterior. Inside there is a large retail area welcoming customers in which has a selection of products displayed on wall shelving. To the rear of the unit is a repair area with equipment in place and additionally, a small kitchenette. All areas are well presented with good quality fixtures and fittings. The space could suit a variety of retail businesses and additional product lines.

STAFF
The business employs two, part time members of staff with our client there full time.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business Accounts Year End 31st March 2020, with a Annual Turnover £1,385,196, and a Gross Profit £239,482. Most customers are from the local area as one would expect. The Shop has it's own website that is included in the sale.

SUMMARY
This leasehold business is a well-established and reputable IT solutions business and it delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further and there are even more income opportunities through introduction of new product lines and potential call outs. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
Display Units
Till
Repair Equipment
Office Equipment


Opening Hours:
MON: 09:00 - 17:30 TUE: 09:00 - 15:00 WED: 09:00 - 17:30 THURS: 09:00 - 17:30 FRI: 09:00 - 17:30 SAT: 09:00 - 15:00 SUN: CLOSED


Weekly Rent:
£92 Per Week. Weekly Rent:
£92 Per Week.
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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.

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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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