Thriving Money Transfer and Currency Exchange Business Available in Wednesfield West Midlands
Wednesfield, West Midlands
- Status
FOR SALE
- Advert ID
626559
- Leasehold: £29,500
- Rent: £7,500 (£625 per month)
- Turnover: £36,000 (£692 per week)
- Profit: £21,600 (60% Profit margin)
Key Features
- Established Business
- Fully Fitted
Business Details
Established Money Transfer & Currency Exchange For Sale
A fantastic opportunity to acquire a well-established leasehold business specialising in International Money Transfers, Currency Exchange, and Parcel Services. Situated on a busy High Street in Wednesfield, Wolverhampton, this business benefits from a loyal customer base and a strong reputation.
Key Services
- Western Union Store and No1 Currency Exchange.
- Parcel Services: UPS Access Point, DHL Express Point, and DTDC for worldwide parcel delivery.
- Printing Services for customer convenience.
Business Highlights
- Established History: Operating at the current location since 2020, with 10 years of operation at a previous site.
Turnover & Profitability
- Average monthly turnover: £3,000.
- Average monthly profit: £1,800.
- Prime Location: Busy high street with high footfall and repeat customers.
- Fully Fitted Shop: Includes signage, branding, a secure area, and office space at the front of the shop.
Favourable Lease Terms
- Rent: £625 per month
- Lease renewal: 8th November 2026.
- Business Rates: Eligible for Small Business Rate Relief (no business rates payable).
Reason for Sale
The current owner purchased the business in May 2024 as a short-term project and is now focusing on other business commitments.
Growth Opportunities
Expand the business further by offering:
- Airline ticketing services.
- Visa, Passport application support.
- Holiday eSIMs.
- Additional courier and parcel services.
- Utilise front of shop of other services.
Trading Hours
- Monday to Friday: 9:00 AM – 5:00 PM
- Saturday: 9:00 AM – 3:00 PM
- Sunday: Closed
Staffing
Owner-operated, with support from an ad hoc staff member as required.
Fixtures & Fittings
The shop is fully equipped and well-maintained. A valuable inventory of fixtures and fittings will be included in the sale.
Asking Price
£29,500, including goodwill, fixtures, and fittings.
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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.
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Do not 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 amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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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Contact seller
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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