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Established Mobile Phone Shop in Cupar Fife Ideal for First-time Business Owners

Cupar, Fife
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Mobile phones for sale in Cupar Fife Mobile phones for sale in Cupar Fife Mobile phones for sale in Cupar Fife
  • Status

    FOR SALE

  • Date Submitted:

    17/06/24

  • Advert ID

    612953

  • Leasehold: £25,000
  • Rent: £4,800
  • Turnover: £72,800 (£1,400 Per week)
  • Net Profit: £35,000 (49% Profit margin)

Key Features

  • Accounts Available
  • Established Business
  • Town Centre location
  • Close to Local Amenities
  • Fully Fitted

Business Details

Mobile phones for sale in Cupar Fife

This is an excellent investment opportunity suitable for anyone looking to acquire their first business. Particularly, an established mobile phone shop ideally located in the heart of Cupar Fife. I encourage interested parties to contact me directly for more intricate details regarding the purchase.

The shop's central location promotes high visibility and easy accessibility which optimizes customer engagement. In addition to selling mobile phones, the shop offers buy back services which furthers the business's means of income. This makes it a popular destination for those looking to buy, sell or trade in their mobile devices.

Apart from trading phones, the establishment offers repair services along with unlocking services. This versatility considerably broadens the customer base by appealing to individuals with varying needs. The full range of services offered ensures a consistent influx of customers thereby contributing to the steady flow of income.

Another integral dimension of the business is the wide assortment of phone accessories it provides. This includes an array of phone cases that caters to varying tastes and preferences. Encouraged by a dedicated counter and organized display areas, the display of merchandise effectively highlights the variety which attracts even more customers.

The shop is perfectly equipped for the immediate continuation of business operations without any significant alterations. Making it convenient for the new owner to start business operations instantly.

This business is on sale at a leasehold price of £25,000 and it currently generates an annual turnover of £72,800 with a profit margin of £35,000. The selling price includes all existing stock, relieving you of any immediate additional expenses for inventory. Proper accounts have been maintained for review and verification of financial health. In addition, the strategically situated business within the town center, is close to local amenities, augmenting its convenience of location. The acquisition also includes complete fittings, ensuring a smooth transition in ownership.

Offers in the region of the asking price are welcome. This is a complete package and ideal investment opportunity for someone looking to take their first step into business ownership.

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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.

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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.

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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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