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Buy an Established E-commerce Business Specialising in Loose-Leaf Teas in Somerset

Radstock, Somerset

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    25/03/24

  • Advert ID

    608752

  • Reference

    577 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £80,000 (Stock at valuation)
  • Turnover: £160,000 (£3,077 Per week)
  • Net Profit: £40,000 (25% Profit margin)

Key Features

  • Fully Fitted
  • Close to Local Amenities
  • With Car Park
  • High Turnover
  • Attractive Business
  • Unique Business
  • Established Business
  • Potential for Alternative Use
  • Company for Sale
  • Central Position in Affluent Village

Business Details

This is a superb opportunity to purchase a reputable established e commerce business in Somerset

This is a superb opportunity to purchase a reputable well-established e-commerce business based in Somerset. The business is available on a leasehold basis.

The business is a Somerset based company specialising in the sourcing and distribution of some of the world's finest loose-leaf teas. They have worked hard to ensure the teas they supply from estates in China, India, Sri Lanka and the rest of the world are the best available and produced using orthodox methods. They sell a wide range of the finest teas including loose-leaf tea, green, black, white teas and oolong as well as herbal teas, fruit infusions, and classic English Breakfast blends. Along with their high-quality tea collections, they also sell tea hampers, stylish caddies, and useful tea ware.

The business has been established since 2001 but with the current owner since 2023 and has experienced steady growth on an annual basis since they began trading. Benefiting from having active website sales, the business has created an excellent reputation within the industry that it serves and has forged excellent relationships with key suppliers which ensures excellent margins across their product range.

This is a very profitable business that is growing year on year and offers any new owner huge potential for expansion. The business is currently operated from a leased premises and the upstairs is sublet to another business which generates an additional income of £700 per month.

·       Business in operation since 2001

·       Steady growth since establishment

·       Excellent reputation in industry

·       Loyal customer base

·       High-quality website

·       Minimal competition

·       Excellent relationships with suppliers

·       Huge potential for further growth

·       High turnover - £80,000 (approx. for 6 months)

·       Car parking outside

·       Excellent location

It is with a heavy heart that the current vendor is selling due to personal reasons. Due to the excellent reputation and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking for an established business within the e-commerce sector or an existing business looking for a lucrative acquisition.

We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.

Read more

Contact Agent

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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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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.

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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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The data showed regarding this advert 'This is a superb opportunity to purchase a reputable established e commerce business in Somerset - 577 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.