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Leading Online Retailer of Hand Tools and Related Products. Available on a Leasehold or Freehold.

Undisclosed, West Midlands

CONFIDENTIAL SALE

  • Freehold: Price on Application
  • Leasehold: Price on Application
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

This is a superb opportunity to acquire a leading (predominately online) retailer of hand tools and related products. The business is available on a Leasehold or Freehold basis.

The business has built up an excellent reputation in their industry and is considered a household name in their sector. The company sell a wide range of hand tools and related products for the jewellery making, dental, surgical, beauty, optical and veterinary sectors.

·         Excellent Reputation.

·         Loyal Customer base

·         High Customer Retention

·         Growing market

·         Minimal Competition

·         Strong brand presence

·         Excellent Relationships secured with key supplier.

·         Substantial growth on an annual basis since incorporation

·         Excellent Sales Software in Place

·         High Turnover - £437,845 (2020)

·         GP Margin – 30%

·         High Adjusted Net Profit – £100,000 (approx.)

·         Turnover set to Increase for Year ending 2021

·         Excellent bolt on acquisition opportunity

·         Huge Potential

·         The business is positioned for further growth and success.

The business is offered for sale due to the current owner wanting to pursue other business interests. This represents an excellent opportunity for an entrepreneur, investment group or direct competitor looking for a lucrative acquisition. Offers are invited for this business and further information will be released upon the receipt of a Non-Disclosure Agreement.

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Key Features

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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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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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.

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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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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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Contact seller

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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