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CONFIDENTIAL SALE
FOR SALE
26/05/21
277201
Very well established retail business easily run on limited hours to suit. Main road position, popular, long-established in a highly-populated area with repeat and passing trade and unopposed trading. This has been a DIY shop since the late 1950s with only a handful of owners in that time. The current one having traded here for over 25 years and is looking to retire, hence the sale. The sale comes with all stock, fixtures and fittings, trade contacts, advice and help if needed. The business is sound and profitable, with much room and scope for improvement in the right hands. Currently trading on a five and a half day week, easy opening times and half day closing on a Saturday to suit the present owner. No Sunday opening, although Sunday trade has been good in the past and is well worth considering again. This is a rarely available ready-made business offering instant earnings from day one. The business would suit a man and wife or son or a tradesman ( as lots of work comes in) or a sole trader. This business has been nominated and voted in the top category of the Hull North Small Business Awards for the past six years running by the customers, and only this week in the Hull and East Riding Business People Awards. Any potential buyer is getting a ready-made, very well established business for the price of the stock plus rent. It's a wonderful opportunity for someone looking to go into retail for the first time.
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
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