Prime High Street Sports Shop and School Uniform Outfitters in Devon for Sale
Honiton, Devon
- Status
FOR SALE
- Date Submitted:
02/01/24
- Advert ID
604446
- Reference
MS35939N / Rightbiz
- Call Agent:
- Leasehold: £89,995
- Turnover: £322,939 (£6,210 Per week)
- Net Profit: Not Applicable
Business Details
SPORTS SHOP & SCHOOL UNIFORM OUTFITTERS
Very profitable SPORTS SHOP, also offering SCHOOL UNIFORM, which proves very lucrative. Occupying prime HONITON HIGH STREET trading position, centrally positioned on the main shopping thoroughfare of this favoured and expanding EAST DEVON town. Nestled amongst other popular independent and national retailers, being highly visible, drawing trade from a wide catchment area.
Well maintained and presented premises, providing comprehensively fitted retail area with the benefit of a high ceiling, and fitting room. Rear service counter, inner storeroom, main storeroom, cloakroom, and mezzanine storage. Sale includes a range of equipment comprising embroidery machine recently replaced at a cost of approx. £8,000, vinyl printer and heat press. Benefiting from favourable overheads, qualifying for 100% business rate relief despite prime trading position.
A renowned unopposed business established a substantial number of years, reputed to be in the region of 55 years, under current ownership the last 10 years. Retailing a comprehensive range of sporting goods, clothing and accessories for a wide range of sports, stocking top sought after brand names, several of which are exclusive to the business. Benefiting from being the supplier of uniform to 18 schools, proving highly lucrative with a substantial number of sales guaranteed each year.
Returning a most impressive trading performance, sales and profitability continuing to increase year on year with further opportunities still available. Sales 2023 £322,939 ex Vat, Gross Profit £154,329, favourable overheads with Net Profits approaching six figures potentially available to a working couple, albeit still proving highly profitable to a sole owner operator or on a predominantly staff run basis.
Leasehold £89,995 sav Ref: MS35939N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
Contact seller
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
Get Solicitor
