Retro Dreams Store, Gaming and Vintage Specialist, for Sale in Morecambe Lancashire
Morecambe, Lancashire
- Status
FOR SALE
- Date Submitted:
23/12/23
- Advert ID
604296
- Reference
GO2329 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Rent: £3,900
- Turnover: £30,000 (£577 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Prime Location
- Unique Business
Business Details
Unique Retro store specialising in gaming and unique products
Retro Dreams
Business Summary
Retro Dreams, a well-established business specializing in vintage and retro-themed products, has become a popular destination for enthusiasts and collectors alike. They appeal to the gaming community with a vast range of vintage video games for sale. Located in a vibrant shopping district, Retro Dreams offers a diverse array of items including vinyl records, cassettes, CDs, DVDs, musical Instruments as well as other assorted electronic devices and memorabilia.
Business Overview
Location: Morecambe, Lancaster.
Premises: Operated from a leasehold retail premises which will be made available by an assignment of the lease at an extremely low £75 per week rent.
Products and Services
Located in a vibrant shopping district, Retro Dreams offers a diverse array of items including:
· Vinyl records
· Cassettes
· CDs, DVDs
· Variety of Computer games, Nintendo, Spectrum, Xbox and PlayStation 1,2,3,4
· Musical Instruments
· as well as other assorted electronic devices and memorabilia
The premises has of a coffee shop selling hot via a Coffee machine, cold drinks, and snacks to customers to provide a welcoming immersive experience for customers to try out the products and relax, there is also a suitable temporary seating area outside to relax in throughout the summer months. There is also an opportunity with a little investment to create a fully operational kitchen.
Key Highlights:
Strong Market Position:
Established brand with a loyal customer base in Morecambe and surrounding areas. Known for its unique products and high-quality of service.
Robust Financial Performance:
Consistent revenue growth year on year. Solid profitability with potential for further expansion and revenue streams.
Strategic Location:
Situated in a bustling commercial area with high foot traffic.
Accessible location with ample parking.
Innovative Product/Service Range:
A diverse range of products/services that caters to a wide spectrum of customers with opportunity for expanding the product/service line-up.
Online Presence:
The business sells their products online in addition to the store, including eBay and social media pages including Facebook, which helps promote the business and location of the store. There are opportunities for a new operator to invest more into this area and introduce an e-commerce website to compliment the retail store and gain a national presence off the back of the established brand.
Staff and Management
Key Staff: The business is operated full time by the current owners.
Equipment: The store has been fully fit out with shelving and racking for products and to present the store to a good standard. The premises has an opportunity to develop and create a fully functioning kitchen for hot and cold drinks, along with a range of snacks.
Reason for Sale and Terms of Sale
The owners are selling due to ill health of one of the owners and the other having to return home to look after a family member so is unable to continue so they are looking to sell this established business. They seek a smooth transition with handover period available.
Financial Overview
Detailed financial statements will be made available to any interested party.
FURTHER INFORMTAION
Further information is available by speaking with the us and viewings are strictly by appointment only.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
Be safe, use a Rightbiz Solicitor
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