FOR SALE
17/03/23
510177
2361 / Rightbiz
Summary:
Business Description:
Silk Letting Ltd is proud to present to the market a fashion retailer in a situated prime location in Scunthorpe. This amazing clothing line is majorly targeted at women and offers a range of items such as
Location and Amenities:
The business is ideally located in a busy area, only 1.2 miles away from the busy city centre.
The shop comes off a hectic road with many public means of transport nearby such as buses, this gives customers an upper hand to easily navigate to and from the premises as it sits in a highly exposed location.
This also factors towards the heavy amount of footfall that this area generates which leads to a lot of walk-ins and passing trade. Since this building is located near a car park, it gives customers an advantage to use that facility and enjoy their visits to and from the building without having to worry about where their transport is parked.
Growth Potential:
This business is currently focused on female attire and can progress further into different categories allowing the business to attract more people.
Alongside social media, it is actively open on Facebook but can also increase its potential to open across other social media platforms such as Instagram and TikTok, as these are the most popular platforms today.
To elevate this business and take it to another level, creating a website is efficient as it provides a clear system to navigate and use.
This can also provide customers with business updates and other information, enabling friendly communication with customers.
To increase a larger client base, affixing extra hours can widen the target audience, which gives the business an ideal path to success.
The most successful clothing brands usually have a digital app because most customers nowadays like to use their handheld devices to do online shopping, to progress this business to compete against other clothing stores, creating an app can enable the business to develop immensely.
Financial Profile:
Lease – 3 years left remaining
Turnover is available upon request.
Property:
This property has 1 floor, which consists of a bathroom, stockroom, and a kitchen which has all the facilities that make a complete kitchen, therefore requiring the new owner to relax and not have to deal with any construction or agonize over it.
Security Features:
The property has 2 CCTV cameras, an alarm system, and shutters reinforcing the highly secure premise, which doesn’t have any security issues.
We advise our buyers not to miss out on this perfect opportunity.
Fixtures and Fittings:
The business includes all fixtures and fittings making it ready for any new owner to take over, the factor of it being equipped helps the owner to take over easily.
A full list of assets is available upon request.
Staff:
The store is owner-run, which creates a chance for the new owner to create their own team, to precede a strong base behind the scenes.
This is an amazing opportunity for any new owner looking to purchase an already existing business with the ability and potential to amplify growth and reach outstanding outcomes.
The business is operating on the market and operates on the following:
Monday – Friday 10:00 AM – 4:00 PM
Saturday – 10:00 AM – 2:00 PM
Sunday - CLOSED
Reason for sale:
The owner is selling the business as they have other business commitments.
This is your chance to grasp this well-performing business and upraise its standards by creating digital platforms to keep the customers engaged.
This perfect opportunity enables any new owner to take over an accepted and successful business to expand its growth.
Would you love to be running an already successful business and call it your own?
How does it sound to become your very own boss in the eyes of the public of an intriguing venture?
This undertaking journey will give you endless opportunities in the market because clothing shops are increasing in the business industry. Foreshadowing a bright future ahead of you.
We own great interest in the amazing listing, and we don’t anticipate this business to be sitting on the market for long. This is a unique business to become your own boss and carry out your passion to the highest level possible.
Viewing the business is highly recommended to appreciate its true value and the potential it has for a new owner.
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 507 9791.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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