Cleckheaton Gold Dealer & Pawn Broker Business for Sale, £1.24M Turnover
Cleckheaton, West Yorkshire
- Status
FOR SALE
- Date Submitted:
10/03/23
- Advert ID
509701
- Reference
588827 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: £1,240,000 (£23,846 Per week)
- Net Profit: Not Applicable
Business Details
Jewellers & Pawn Brokers For Sale in Cleckheaton
GOLD DEALER, FOREX AND PAWN BROKER in West Yorkshire for Sale.This is an easily run business for which no previous experience is necessary. Annual turnover £1,240,000. The business operates relatively simple systems and procedures buying in precious metals in the form of scrap jewellery and making a margin on the difference between the spot rate and the price paid to customers of the business. The gold is then sold onto gold refiners and the business uses a number of different refiners to ensure the best possible return. Similarly the same systems are applied to the purchase and sale of foreign currencies with a margin applied to each transaction and a higher margin is applied to the more exotic currencies. Whilst the business is simplicity itself to run, it has proved itself to be VERY PROFITABLE for our client and SHOWS A NET PROFIT IN EXCESS OF £40,000 on management accounts to December 2022. Situated in this busy shopping centre which has recently undergone a multi-million pound refurbishment within this bustling West Yorkshire town centre.
Stock £30,000 to £55,000.
EPC Band F.
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Listing Statistics
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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.
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