Active Dancewear Retailer in Bolton Manchester for Sale, Established Since 2001
Bolton, Manchester
- Status
FOR SALE
- Date Submitted:
15/08/23
- Advert ID
518126
- Reference
B07474 / Rightbiz
- Call Agent:
- Leasehold: £89,995
- Turnover: £186,533 (£3,587 Per week)
- Net Profit: £34,788 (19% Profit margin)
Business Details
Well established dancewear retailer for sale
BusinessPlease quote reference B07474
CoGoGo are delighted to welcome to the market Active Dancewear, a highly rated clothing business in Horwich, Bolton.
Active Dancewear was first established by our client in 2001, building up an excellent reputation and regular client base. As seen by the online ratings and reviews, the business is extremely popular due to their wide range on offer.
The business has now come to the open market due to our clients desire to retire.
Active Dancewear stocks a huge range of dancewear and dance shoes that cover all types of dance and they specialise in children's and adult’s dancewear for ballet, ballroom, latin, salsa, tap, character, freestyle, street, jazz dance and pointe shoe fittings. They're also stockists of skating dresses which are also suitable for baton twirling and majorettes, available in a range of styles and fabrics.
The business allows customers to either purchase in-store or online via their website.
The business stocks the full attire required for a number of dance schools, and is extremely highly recommended by teachers and parents.
Our client has advised that a handover option will be made available for the new buyer, and will also offer training to assist with fitting pointe shoes.
Key selling points -
- Excellent location
- Extremely well established
- Outstanding reviews
- Large network of regular custom and recommendations
- Scope for expansion
- Huge range products
- Push marketing/advertising
- Increase online sales
- Increase the shops trading hours
Location
Active Dancewear is located on Lee Ln in Horwich, Bolton.
Premises
Ground floor -
- Service area
- Perimeter display rails, counter and display wall
- 2 Fitting rooms
- Shoe fitting area
- To the rear of the service area is the WC and wash basin facilities
- Above the shop is a 1 bed flat, which is newly refitted with open plan kitchen and lounge to the front, large bedroom and 2 piece bathroom to the rear. (There is an option to rent the flat from the owners should the purchaser desire).
Tenure
We are advised that the business is being sold on a leasehold basis, with a new lease to be agreed between our client and the new buyer. The rent will be £12,000 per annum.
Hours
The current trading hours are -
Monday to Tuesday - 12:30 - 17:30
Wednesday - Closed
Thursday to Friday - 12:30 - 17:30
Saturday - 10:30 - 16:30
Sunday - Closed
Staff
We are advised that the business has 1 part-time staff member.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £186,000. Further financials can be made available upon request.
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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