Profitable Vinyl Record Shop in Salisbury Wiltshire, with Online Sales & Multiple Income Streams
Salisbury, Wiltshire
- Status
UNDER OFFER
- Date Submitted:
13/03/18
- Advert ID
213950
- Reference
H195554 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Rent: £13,500
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Established Business
- Unique Business
- Price Reduced
Business Details
Profitable Vinyl Record Shop Salisbury
Goadsby Commercial present highly desirable and profitable vinyl record shop business. Busy shop with established clientele - readymade business. Also includes cd and tape sales, book, memorabilia and hi-fi equipment income streams. Rapidly expanding business established for 23 years. Exciting opportunity for music enthusiast.
LOCATION
Town Centre position in Salisbury's only indoor Shopping Centre. Adjacent to TK Maxx and amidst national and independent operators. Wilton approx. 4½ miles. Downton approx. 6½ miles. Amesbury approx. 8½ miles.
SUMMARY OF ACCOMMODATION
Record Store. 2 Stock Rooms (could be changed into audio room). 2 Cloakrooms. Kitchenette. Communal Service Lift.
DESCRIPTION
Record Store with extensive wall mounted display racking, CCTV cameras, 3 glass fronted display units, extensive box style records storage and display units, wooden counter servery, double over door heaters, Sony flat screen television, range of Hi-Fi equipment. In addition there are 2 stock rooms, 2 cloakrooms, a kitchenette with single drainer stainless steel sink unit, a coffee machine and an upright fridge freezer.
TRADING & BUSINESS
This readymade business (which has been trading online for 23 years) currently operates 6 days a week from the shop. It is operated by the owner and a part time member of staff. The sale includes a high quality, extensive selection of vinyl stock which is constantly being updated and the business can certainly be expanded and developed in the right hands. In addition, due to the length of time the business has been in operation, the owner is using established contacts to purchase further vinyl collections to expand the stock. The owner also provides a record cleaning service and has held live music events in the shopping centre and special record viewing evenings. Further accounts can be made available to genuinely interested purchasers.
TENURE
LEASEHOLD. The owner informs us that the premises are held under an original 5 year lease with 5 year reviews which commenced 2021, at a current rent of £13,500 per annum VAT with an additional service charge of £3,400 per annum VAT. There is also a break in the lease on the anniversary of the lease start date each year. We have not had sight of this lease documentation.
Contact Agent
Listing Statistics
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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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