Retirement Sale of Renowned Northallerton Country Fashion and Accessories Business
Northallerton, North Yorkshire
- Status
FOR SALE
- Advert ID
623368
- Reference
RB10645 / Rightbiz
- Call Agent:
- Leasehold: £49,950 (Stock at valuation)
- Turnover: £170,000 (£3,269 per week)
- Profit: £45,000 (27% Profit margin)
Key Features
- Accounts Available
- Attractive Business
- Town Centre location
- High Turnover
Business Details
Established, Very Popular Country Fashion and Accessories Business
Alan J Picken are delighted to offer this Established, Very Popular Country Fashion and Accessories business onto the market, which is only offered on the market, and we suspect with a slight tinge of reluctance, after many happy years in the business, as our clients now wish to take a well-deserved retirement.
Over the years our clients have established a renowned reputation throughout Northallerton and surrounding areas, attracting a local and loyal clientele as well as tourist customers visiting the area and by virtue of it’s prime trading position along the bustling High Street, the business benefits from the large passing trade.
Currently trading 6 days a week on civilized day time opening hours, the business stocks a wide selection of quality ladies and gents’ hats, caps, jackets, coats. knitwear and accessories for people who have a love of the countryside; our client’s aim has always been to offer a range of high-quality goods at realistic prices.
The business is run by our clients, a husband and wife team, and excellent sales have been achieved, both in store and online via their established e-commerce website as well as at the various country shows they attend across the year, these include major events such as The Cheltenham National Hunt Festival and The Great Yorkshire Show! The business still offers immense growth potential via online sales, extended openings and attending more events, especially in the hands of an enthusiastic, dedicated working proprietor to continue to exploit the full potential and derive maximum profits.
Turnover circa £170,000 per annum.
61% Gross Profit.
Adjusted Net Profit in excess of £45,000.
Our clients have transformed the shop into a superb eye-catching retail unit, fully fitted with quality fixtures, fittings & equipment. Only by personal inspection can justice be given to the impressive premises, therefore we strongly recommend that genuine prospective purchasers view without delay to avoid disappointment.
Business opportunities of this calibre are the exception and we trust this acquisition will prove resoundingly successful, especially for a dedicated enthusiastic purchaser.
Business £49,950 Plus SAV
Northallerton, North Yorkshire.
Leasehold.
Reference. W10645
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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
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