Top Wool and Yarn Retailer in Leyburn North Yorkshire for Sale, £150K Turnover
Leyburn, North Yorkshire
- Status
UNDER OFFER
- Date Submitted:
04/07/23
- Advert ID
516089
- Reference
RB10505 / Rightbiz
- Call Agent:
- Leasehold: £74,950 (Stock at valuation)
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: £64,000 (43% Profit margin)
Key Features
- Prime Location
- Established Business
- Fully Fitted
- Attractive Business
- Accounts Available
- Town Centre location
- Small Business
- Close to Local Amenities
Business Details
Established and Most Popular Wool and Yarn Retailer
Alan J Picken are delighted to offer this established and most popular wool and yarn retailer onto the market.
This is an exceptional opportunity to acquire an established and most popular business, which is only offered for sale due to our client now wishing to take a well-deserved retirement after many happy and successful years in the business.
Since the business was established in 1989 and our client taking the reins in 2016, the shop has become a popular venue for both local and tourist customers.
They commission, spin and dye their rare breed pure Wensleydale Wool in 4-Ply, DK and Aran weight yarns in a spectrum of tempting shades. Worsted spun by local craftsmen in traditional Yorkshire mills. They have their own brand premium Yorkshire Wool and Yarns for knitting and crochet; Sheep Shop Hand Knitting Patterns; Exclusive Wensleydale Knitwear and Yorkshire Woollens; Knitted Garments specially knit to customer requirements, as well as off the shelf; Sheepskin rugs; Wensleydale Fleece, Combed Tops / Roving and Wool Locks for Hand Spinners, Hand Dyers, Crafters, Felters and much more…
Over the years our client has established an excellent reputation over the years with regular, loyal clientele as well as attracting clientele from further afield via its modern website with excellent SEO and easy to use online shop as well as its established social media accounts. In fact, our client ships worldwide!
Turnover circa £150,000 on September 2022 accounts.
Gross Profit 77%
Adjusted Net Profit in excess of £64,000
There is enormous potential to improve the businesses online presence to increase sales and derive maximum profits.
We trust this will prove a resoundingly successful acquisition, especially for a dedicated owner proprietor to continue to exploit the full potential and derive maximum profits.
Business £74,950 SAV
North Yorkshire
Leasehold.
Reference. RB10505
Contact Agent
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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