1960 Established Schoolwear Shop in Manchester with Growth Potential for Sale
Undisclosed, Manchester
- Status
FOR SALE
- Advert ID
626006
- Reference
B08574 / Rightbiz
- Call Agent:
- Leasehold: £49,995
- Turnover: £180,000 (£3,462 per week)
- Profit: £40,000 (23% Profit margin)
Business Details
Schoolwear Shop for Sale Established 1960 Fantastic Opportunity
BusinessPlease quote reference B08574
Are you looking for a thriving business with a fantastic community reputation and loads of growth potential? Look no further!
CoGoGo presents a well-established schoolwear shop, founded in 1960 and successfully run by the current owner since 1999, which is now on the market as the owner looks forward to a well-deserved retirement.
Situated in a prime location, the shop is freehold, offering you full ownership and flexibility. The ground floor boasts a spacious retail area, perfect for showcasing the impressive range of uniforms for 35 local schools. The first floor is currently used for stock storage but has three bedrooms and a bathroom, providing an exciting opportunity to convert it into living accommodation or rental space if alternative storage solutions are found. Additionally, the basement, though in need of some work for dry storage, offers further potential.
This is a well-loved, community-focused business with an excellent reputation built over decades. It’s a sole trading venture, perfect for someone looking to take over a reliable and rewarding enterprise. Despite its long-standing success, there’s massive scope for growth. With no current online sales but a fully functional website already in place, expanding into e-commerce could significantly increase revenue.
- Expand Online Sales: With a ready-made website, launching online sales could open the door to a broader customer base.
- Utilise Unused Space: Transform the basement for storage or explore the first floor’s potential as a rental property.
- Increase Product Range: Consider expanding the range to include school accessories, sports kits, or even bespoke uniform items.
Don’t miss out on this exciting opportunity!
Get in touch today to learn more and arrange a viewing.
Location
Sallies Schoolwear is located at 39 Manchester Rd, Denton, Manchester M34 3JU
Premises
The ground floor features a large retail space, ideal for displaying an extensive selection of uniforms for 35 nearby schools. The first floor, presently used for storing inventory, includes three bedrooms and a bathroom, offering great potential to be transformed into living quarters or rental units if different storage options are arranged. Moreover, the basement, which requires some improvements for effective dry storage, presents additional possibilities.
Tenure
This opportunity is being sold on a Leasehold basis with the rent to be confirmed. The option to buy the freehold is also available.
Hours
The current trading hours are:
Monday to Friday - 9:00 am to 4:00 pm
Saturday - 9:30 am to 4:00 pm
Sunday - Closed
Staff
Our client runs and manages this business.
Financial Profile
This business generated a turnover between £180,000 - £200,000. Full financials can be made available upon request.
Contact Agent
Listing Statistics
Advert Statistics Graph
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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.
Be safe, use a Rightbiz Solicitor
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