Profitable Cell Phone Shop with Strong Customer Base for Sale in Boston Lincolnshire
Boston, Lincolnshire
- Status
FOR SALE
- Advert ID
626309
- Leasehold: £40,000
- Rent: £9,000 (£750 per month)
- Turnover: £84,000 (£1,615 per week)
- Profit: £34,000 (41% Profit margin)
Key Features
- Established Business
- Close to Local Amenities
- Small Business
- Fully Fitted
Business Details
Cell phone shop in Boston lincolnshire
A well-established mobile phone shop located in the center of Boston, Lincolnshire, is now available for sale. The business trading on its normal timing. All furniture and fitting included
This business has been established for 7 years, with the current owner managing it for the past 4 years. It is supported by two employees who help maintain its day-to-day operations. The sale includes all fixtures, fittings, and stock, providing a comprehensive package for any prospective buyer. Training opportunities will be offered to new owners to ensure a smooth transition and continued success.
An online presence on platforms like Google and eBay contributes to the shop's visibility and customer reach. The financial details manifest a promising venture, with a leasehold price of £50,000, a current turnover of £84,000, and an annual rent of £9,000. After accounting for all expenses, the business delivers a profit margin of £34,000, making it a sound investment.
The decision to sell stems from the current owner's career pursuits. With everything in place, including proximity to local amenities and a town center position, this fully fitted business is well-poised for anyone looking to take over a thriving enterprise in the bustling environment of Boston, Lincolnshire.
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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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