North East's Top School & Workwear Retailer For Sale - Freehold or Leasehold Option
Undisclosed
- Status
FOR SALE
- Date Submitted:
11/01/22
- Advert ID
288652
- Reference
TEC9002/22DF/5017 / Rightbiz
- Call Agent:
- Leasehold: £125,000 (Stock at valuation)
- Rent: £22,500
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- Split Level Trading Area
- Price Reduced
- Town Centre location
- With Car Park
- Close to Local Amenities
- Free of Tie Leasehold
- Prime Location
- Attractive Business
- Nil Premium
- New Lease
- Established Business
- Price Further Reduced
- Potential for Alternative Use
- Fully Fitted
- Company for Sale
- Small Business
- Accounts Available
Business Details
Thriving School and Workwear Retailer For Sale in North East
The Exit Co is delighted to bring to market this rare opportunity to acquire on a new LEASEHOLD basis, One of Tyneside's leading Schoolwear and workwear Retailers.
This is a highly locally respected business with a highly and well-developed customer base trading since 2013 covering more than 3 x Academy Schools, and 12 x Primary Schools, this is in addition to the retail shop activity for both school and Workwear.
Current split of business would be 85% Schoolwear - 15% Workwear
The business will be sold as a 'Going Concern' and the following assets are included as part of the business sale:
1. Fixtures and Fittings
2. Goodwill
3. All Plant and Machinery
4. Stock (Subject to valuation at the time of sale)
Current Stock holdings, approximately £50,000
Additionally, the business currently employs four part-time staff members. If desired, these employees can be retained as part of the sale and made available to any prospective buyer."
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Listing Statistics
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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.'.
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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.
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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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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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