Rare Toy & Collectable Model Store in Stowmarket Suffolk on Sale
Stowmarket, Suffolk
- Status
FOR SALE
- Advert ID
626544
- Reference
13881_J / Rightbiz
- Call Agent:
- Leasehold: £64,995
- Turnover: £60,000 (£1,154 per week)
- Profit: Not Applicable
Business Details
Collectable Models & Toys Store
BusinessCoGoGo welcomes to the market DJ Collectables a toy shop aimed primarily at the collectors market. The business was established by the current owner around 13 years ago and he now feels it is time for a change in life style.
DJ Collectables is a toy shop aimed primarily at the collectors market, but also stocks Lego, Toy Cars, Pokemon Cards and games, Airfix kits and many other brands. The shop prides itself on being able to find something for you, even if they do not have it in stock.
The stock is included in the purchase price and we are advised the stock is around £50,000.
Customers come from across Suffolk as there are many rare toys and models available, including Mark I Escorts and other original cars from that era and before.
There is a website www.djcollectables.co.uk, which does need upgrading and the current owner has just paid to go on an Ecommerce website which interacts with eBay. The current owner admits that he has not exploited the internet at all and especially for this market place this is somewhere that the business can grow, having collectors across the globe.
CoGoGo highly advise early viewing to avoid disappointment.
Location
DJ Collectables is located in the Suffolk market town of Stowmarket.
DJ Collectables is situated in the main shopping street in Stowmarket with several car parks nearby and shops such as Argos, QD, Asda along with local shops and several banks and building societies.
Stowmarket is situated just off the main A14 between the county town of Ipswich and the picturesque town of Bury St Edmunds. There are several bus routes nearby and the mainline train station is approximately half a mile away.
Premises
DJ Collectables is located in a single shop with an entrance door leading to the main shop area.
The retail space has a counter, display units all around, under stair storage and a door leading to the toilet and kitchen facilities.
The shop is heated by a wall mounted electric heater.
The shop could be visually improved.
Premise size circa 42.3m2.
Tenure
We are advised the business is being sold as a Leasehold business opportunity.
Currently on a rolling lease.
The landlord will be happy to grant a new lease.
Rent: £8,700 per annum
The business qualifies for small business rates relief, there are no rates payable.
Hours
The business opening hours:
Monday-Saturday: 9am – 5pm
Staff
The business is run and managed by our client.
Financial Profile
DJ Collectables generated an advised turnover of circa £60,000 with a gross profit of 33%.
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Listing Statistics
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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.
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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.
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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.
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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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