Prime Hull Location Mobile Phone Shop, Phone Zone, Up for Sale Due to Owner Relocation
Kingston Upon Hull, East Riding of Yorkshire
- Status
FOR SALE
- Advert ID
623586
- Leasehold: £45,000
- Rent: £24,500 (£2,042 per month)
- Turnover: £85,000 (£1,635 per week)
- Profit: £40,000 (48% Profit margin)
Key Features
- Established Business
- Town Centre location
- With Car Park
- Prime Location
Business Details
Prime Location Mobile Phone Shop for sale in Hull
Phone Zone is a mobile phone shop located in a prime area within Hull city center, East Riding of Yorkshire. This business is housed in a three-story building, offering excellent office space on the first floor, with toilet facilities on the second floor. Additionally, the ground floor provides ample storage space, positioned conveniently behind the shop.
Established one year ago, the business is competitively positioned amidst essential nearby amenities. Customers are drawn by surrounding popular destinations like Cash Converter, Home Bargain, McDonald's, and Greggs. The shop currently employs two staff members.
Phone Zone is available for purchase due to the owner's relocation. The business is priced at a leasehold of £45,000, which includes all existing stock. The shop's current annual turnover matches the sale price at £45,000, with a profit margin of £35,000. Rent is set at £24,500 annually. The sale offers a unique opportunity to acquire a store in a prime, busy location with a nearby parking facility.
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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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