Well-Established Handbag & Accessories Store in Lincoln's Premium Bailgate, Owner Relocating Overseas
Lincoln, Lincolnshire
- Status
FOR SALE
- Date Submitted:
11/04/21
- Advert ID
275017
- Leasehold: £5,000 (Stock at valuation)
- Rent: £14,750
- Turnover: N/A
- Net Profit: On request
Key Features
- Open Plan Trading Area
- Adjacent to Multiple Retailers
- Unique Business
- Small Business
- Established Business
- Fully Fitted
- Close to Local Amenities
- Attractive Business
- Incentives May Be Available
- Prime Location
Business Details
Well Established Handbag and Accessories Store in Lincoln. Premium Bailgate Location
For sale due to owner relocating overseas. This well astablished retail shop has been a key feature on Lincoln's Bailgate for almost a decade and continues to thrive as a successful accessories store, packed with multiple product lines, many of which are supplied on an exclusive basis. Situated in one of the most sought after areas in Lincoln, close to the Castle and Cathedral, this popular store draws in locals and tourists alike. This is a unique opportunity to take over a well-established business at a realistic price.
Price stock at valuation (Stock has been reduced to allow for an easier transition).
Price F&F (Fixtures and fittings negotiable).
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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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