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Established Retail Business in Prime Portsmouth Location with High Visibility for Sale

Portsmouth, Hampshire

PHOTO COMING SOON

  • Leasehold: £49,995
  • Turnover: £265,288 (£5,102 per week)
  • Profit: £20,607

Business Details

Shining Opportunity: Established Retail Business with Prime Location!

Business
Please quote reference B08528

CoGoGo presents an established retail business generating £265,000 in turnover and benefiting from a prominent position with strong visibility and footfall.

The Gold Centre is currently operated by a limited company as part of a wider chain, with this individual location now being offered as a standalone sale. The opportunity provides a new owner with an established retail operation and the flexibility to continue or further develop the business.

The premises are arranged over three floors, with retail space on the ground floor, a staff room on the first floor and storage facilities with a WC on the second floor. The premises also benefit from an alarm system and professional lighting. Fixtures and fittings valued at approximately £50,000-£60,000 are included in the sale, while stock and display cabinets are available as optional additons.



Location
The Gold Centre is located at 248d Commercial Rd, Portsmouth PO1 1HH.



Premises
The property comprises:

  • Ground Floor: Retail space with fittings and fixtures in place.
  • First Floor: Staff room.
  • Second Floor: Storage area and WC.


Tenure
This opportunity is being sold on a Leasehold basis with a 10-year lease in place. 

The current rent is £27,500 per annum.



Hours
The current trading hours are:

Monday to Saturday - 9:30 am to 5:30 am

Sunday - 11:00 am to 4:00 pm



Staff
This business is run and managed by our client.



Financial Profile
This business generated a turnover of £265,000. Full financials can be made available upon request.



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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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