Established Fabric & Haberdashery Business in Leamington Spa for Sale
Royal Leamington Spa, Warwickshire
- Status
FOR SALE
- Date Submitted:
09/09/22
- Advert ID
500024
- Reference
315 / Rightbiz
- Call Agent:
- Leasehold: £60,000 (Stock at valuation)
- Turnover: £66,280 (£1,275 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Accounts Available
- Prime Location
- Attractive Business
- Established Business
- High Turnover
- Retirement Sale
- Central Position in Affluent Village
Business Details
Well established, fabric and haberdashery business based in Leamington Spa
This is an excellent opportunity to acquire a well-established, fabric and haberdashery business based in Leamington Spa. The business is available on a leasehold basis.
The business has been established since 1998 and has experienced significant growth on an annual basis since they began trading. The vendor has skilfully created a unique business that supplies a wide range of fabrics and haberdashery related products to various clients. The business has an excellent reputation for supplying highest quality fabrics and related products to clients varying from housing developers to private (domestic) sewing enthusiasts. Despite the supply of fabrics, including high quality and exclusive silk fabrics and wool, they offer a wide range of complimentary services such as the sale of home furnishings and a repair and alterations service.
- Excellent Reputation in their Community and Industry!
- Established since 1998
- Vast amount of repeat and recommended custom
- Suppliers to a number of commercial clients in the area
- High Growth Sector
- Excellent reviews
- Minimal Competition in the area
- High Footfall Location
- Property spread over 2 floors
- All Assets, Fixtures and Fittings and Stock included in the sale
- Excellent Relationships with key suppliers in their industry
- Minimal Overheads
- Turnover - £66,280 (2021)
- High Gross Profit Margin
- High Adjusted Net Profit - £20,000
- Huge Potential for further growth and success.
It is with a heavy heart that the vendor is selling the business due to retirement. This is an excellent opportunity for an entrepreneur, with creative flair, who is looking for a unique ‘lifestyle’ business, an ambitious entrepreneur looking for a business with huge potential or even an existing company (potentially an Interior Designer) looking for a lucrative bolt on acquisition to complement their current offering. Due to the nature of this business, we are already experiencing a high volume of enquires, so to avoid disappointment, please contact us for further information.
Contact Agent
Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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