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Fabric & Haberdashery Shop Warrington

Warrington, Cheshire
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  • Leasehold: £27,500
  • Turnover: £42,714 £821 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Shopping Parade Location

    Accounts Available Year End 31st July 2021

    Annual Turnover £42,714

    Gross Profit £18,835

    Accounts Available After Viewing

    Established 2016

    Retirement Sale

    Owner Operator / No Staff

    New Lease Available

    Fully Equipped

    Immaculately Presented

    Scope For Additional Services

    Potential To Introduce Marketing Drive

    Potential To Add e-Commerce To Website

    EPC – TBC

Description:
REF 7667 – Leasehold Fabric & Haberdashery Shop
Blacks Business Brokers are pleased to bring to the market this leasehold fabric and haberdashery shop located in Warrington, Cheshire.

INTRODUCTION
Quilting Tree was established by our client in this affluent area of Woolston in 2016. The business offers a range of fabrics for sale and specialises in high end quilting fabrics and wadding. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Quilting Tree has a website in place and a social media following.

LOCATION
Quilting Tree occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially. Neighbouring businesses include independent retailers as well as large multiples such as Tesco Express. There are also a number of local amenities nearby including schools, takeaways and places of worship. The area is very well linked by the M6 with very strong public transport links and parking is available immediately outside the shop.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2016 at a cost of £xxxxx per week [PLEASE ADVISE]. We are advised that a new lease will be made available for a new owner.

STAFF
The business operates with our client only in employment.

FINANCIAL DETAILS
Quilting Tree has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st July 2021 show annual turnover of £42,714 and gross profit of £18,835. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well established business occupies an enviable trading position in a thriving and popular area of Warrington. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours. A new owner could also look to introduce online sales and a strong online marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Quilting Tree operates from a first floor retail property within a busy precinct. The business has large branding and signage on display above a fully glazed frontage. Inside, the shop is beautifully presented with fabric and product displays in place and a sewing area to the side. There is an open plan staff kitchen and toilet to the rear with rear doors leading to a veranda area. All areas are fully equipped and finished to a very high standard.



Fixtures & Fittings:
All Tables, Chairs & Counters Included


Opening Hours:
MON & TUE: 09:30 - 16:30 WED: CLOSED THU - SAT: 09:30 - 16:30 SUN: CLOSED


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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.

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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