Busy Retail Shop for Sale on Newland Avenue Hull, Adjacent to University
Hull, East Riding of Yorkshire
- Status
FOR SALE
- Advert ID
612926
- Leasehold: Price on Application (Stock at valuation)
- Rent: £30,000
- Turnover: On request
- Net Profit: On request
Key Features
- New Lease
- Established Business
- Prime Location
- Attractive Business
- Unique Business
Business Details
Retail saver shop in a Busy street of Newland Avenue Hull
Located adjacent to a bustling university and at the heart of a busy shopping center, you will find a retail store similar to PoundLand. This well-established business offers plenty of potential for prosperous retail operations. Featuring all fixtures and fittings, built-in and ready to function, this venue can smoothly transition to new proprietors for timely business operations.
Notably, the lease period is open for negotiation, which provides flexibility and convenience for interested parties. As such, potential owners have the opportunity to structure their own favorable terms.
At the moment, the store's operating hours run from 9 a.m to 5 p.m. However, there is plenty of room for expansion. New ownership could easily increase these working hours to better cater to customer needs and ensure maximum profitability.
It should be also noted that the business has been staff-operated till now. There's a scheduled retirement of senior staff in about three months’ time. This means that incoming management would have the scope of bringing in a new team or shaping the current one according to their needs.
With its strategic location, negotiable lease and potential for increased operating hours, this retail store promises to be an attractive and wise investment for those interested in venturing into the retail industry.
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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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