Profitable Leicester Thrift Shop with Strong Online Presence Up for Sale
Leicester, Leicestershire
- Status
FOR SALE
- Advert ID
618722
- Reference
B08288 / Rightbiz
- Call Agent:
- Leasehold: £34,995
- Turnover: £90,000 (£1,731 per week)
- Profit: £15,000 (17% Profit margin)
Business Details
Profitable Thrift Shop For Sale
BusinessPlease quote reference B08288
CoGoGo presents to the market Blutitt Thrift, located in the vibrant city of Leicester.
Established in 2009 and successfully operated by our client for the past 8 years, Blutitt Thrift is a thriving vintage clothing shop located in the heart of Leicester. Specialising in one-of-a-kind vintage clothing pieces, this well-loved business has built an excellent reputation for offering carefully curated, high-quality items that attract a loyal customer base and a steady stream of new shoppers.
The shop is superbly positioned in The Lanes, Leicester’s bustling cultural quarter, with a prominent frontage on Silver Street. Situated directly opposite the popular St Martins Square, the premises benefit from excellent visibility, footfall, and passing trade. This vibrant area is renowned for its independent boutiques, eateries, and cocktail bars, drawing a diverse and fashion-conscious clientele.
The shop is efficiently managed by one full-time staff member, making it a low-overhead operation that is perfect for someone looking to take over an already thriving business. The store has a well-organised layout, providing a welcoming shopping experience for its customers.
Blutitt Thrift has embraced modern retail trends and technology with an established online presence through Shopify, which allows the business to reach a broader audience beyond its physical location. In addition, the store is active on both Instagram and Facebook, using social media to engage with followers, showcase new arrivals, and drive traffic to the store. This provides an excellent foundation for further expansion into the online marketplace.
While Blutitt Thrift is already a well-established and profitable business, there are several avenues for future growth. New ownership could consider extending opening hours, introducing a dedicated online marketing campaign, or extending the product range to include other vintage accessories such as footwear and jewellery. Additionally, collaborating with local influencers or hosting in-store events could further increase brand visibility and attract a new wave of customers.
Our client is reluctantly selling Blutitt Thrift to explore new business ventures. This presents an exciting opportunity for a new owner to step into a turnkey operation with a fantastic reputation and strong growth potential.
Don't miss your chance to own this thriving thrift shop in a prime Leicester location!
Location
This shop enjoys a prime location in The Lanes, Leicester’s lively cultural quarter, boasting a highly visible position on Silver Street. Situated directly across from the well-frequented St Martins Square, the premises benefit from strong foot traffic and excellent exposure. The surrounding area is a vibrant hub, celebrated for its array of independent fashion retailers, cafés, and stylish cocktail bars, attracting a broad and trend-savvy customer base.
Premises
Set across three spacious floors, the property boasts a substantial retail footprint, offering ample space for stock display and future diversification. The large window display is highly visible from St Martins Square, perfect for merchandising and attracting foot traffic.
Tenure
This opportunity is being sold on a Leasehold basis with a rolling lease in place.
The current rent is £13,000 per annum.
Hours
The current trading hours are:
Monday to Friday - 10:30 am to 6:00 pm
Saturday - 10:00 am to 6:00 pm
Sunday - 12:00 pm to 4:30 pm
Staff
This business is run and managed 1 full-time staff member.
Financial Profile
This business generated a turnover of £90,000. Full financials can be made available upon further request.
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Listing Statistics
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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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