Specialist Modern World Banknotes & Paper Money Seller

City of Edinburgh, Edinburgh

Status

FOR SALE

Date Submitted:

18/06/21

Advert ID

278433

Reference

R08088 / Rightbiz
Asking Price: £70,000
Annual Turnover: £82,589
    Excellent reputation

    Loyal customer base

    Huge potential for growth

    Overhead costs

    Strong supplier relationships

The business for sale is a specialist seller of mint condition modern world banknotes and paper money. Established in 2011, this long-running business has grown steadily since its creation and has now gained an excellent reputation and a loyal customer base in the sector. They prioritise offering a large range of quality world banknotes at great value prices. The extensive array of stock includes paper banknotes, polymer banknotes, and specimen banknotes.

The company has almost 600 customers on their database, most of whom are regulars. The business has an incredibly successful eBay store with over 17,000 5-star reviews and 100% positive feedback. This store is responsible for 75% of the company’s income. The current stock is worth an estimated £170,000 but the great thing about banknotes is that the value only increases over time.

There is huge potential for growth with this online business, as so far, the company has only been run on a part-time basis. There is also a big opportunity to increase the marketing efforts of the company, which should attract further customers. With low overhead costs, this fantastic business would be the perfect opportunity for an existing seller of banknotes, coins, stamps, or collectables, or someone with an interest in this area.

Excellent reputation
Loyal customer base
Huge potential for growth
Overhead costs
Strong supplier relationships
Contact Agent
Advert Reference:
R08088 / Rightbiz
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