Established Newport Party Balloon Business for Sale, Owner Retiring
City of Newport, Newport
- Status
FOR SALE
- Date Submitted:
09/06/23
- Advert ID
514653
- Leasehold: £80,000
- Rent: £7,800
- Turnover: On request
- Net Profit: On request
Key Features
- Attractive Business
- Retirement Sale
- Potential for Alternative Use
- Accounts Available
- Close to Local Amenities
- Prime Location
- Small Business
- Established Business
- Offers Invited
Business Details
Established Party Balloon Business for sale
- Reason for sale: The business is being sold as the owner is retiring and wants to spend more time with their family.
- Asking price: £80,000
- Terms of business: The shop will continue to trade as a balloon business. The buyer will receive a full list of stock, machinery, printers, and electronics. The buyer will also sign a 3-year full repair lease with an option to buy the building after 3 years.
- Training Provided If required the current owner is willing to stay on for training purposes.
- Current liabilities: Insurance (includes public liability and contents), water, electricity, phone, internet, and council tax if the buyer is renting the flat above.
- Accounts: Three years of accounts will be produced when negotiations begin.
- Website: Established website and social media presence
- History: The business was set up in 2008 and started off as a hobby. It soon grew into a thriving business and employed up to 10 casual workers and 2 full-time employees. The business has had a few setbacks over the years, including the pandemic, but it has always managed to overcome them. The business currently has 2 employees and has a strong customer base.
- Strengths: The business is the only balloon shop in Newport. It has 3 large corporate contracts and a strong customer base and turnover.
- Weaknesses: The business currently needs a minimum of 2 staff.
Accomodation on site an option
Website
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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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