Lilyrose Store Ltd, a 50-Year Old Relocatable Wool & Haberdashery Store for Sale
Relocatable
- Status
FOR SALE
- Advert ID
627188
- Asking Price: £95,000
- Turnover: £100,000 (£1,923 per week)
- Net Profit: £20,000 (20% Profit margin)
Key Features
- Accounts Available
- Established Business
- Small Business
- Free of Tie Leasehold
- Potential for Alternative Use
- Company for Sale
Business Details
Lilyrose store ltd
Welcome to LR Wool and Haberdashery Shop! With over 50 years dedicated to serving the crafting community of West London, we are proud to provide a broad selection of high-quality yarns, haberdashery supplies, and accessories. Whether you're into knitting, crocheting, or sewing, our store is your one-stop solution.
Our offerings span a diverse range of products. We feature a fine selection of yarns, including wool, cotton, and acrylic, all carefully chosen for their quality. In addition, our store carries a variety of knitting and crochet accessories such as needles, patterns, and more to elevate your crafting journey. For all your haberdashery needs, you'll find everything from buttons and zippers to threads among our shelves.
We understand the passion and creativity that every crafter brings to their projects, which is why we aim to cater to both beginners and seasoned enthusiasts with supplies that won’t disappoint. Moreover, our friendly and knowledgeable staff are always ready to assist you with any queries or projects you have in mind, ensuring your crafting experience is as enjoyable as possible. Visit us and let your creativity flow!
To stay connected with us, follow our inspiring updates and support your local business on Facebook and Instagram. We frequently offer sales and discounts on popular products, so be sure to stay tuned for these exciting offers.
Our business has roots going back over 38 years, with the last 6 years under new management and a fresh name, Lilyrose Store Ltd. Currently, we are offering this established wool supplies company for sale. It's located strategically at the town center and is relocatable with the potential for alternative use.
The asking price is £95,000 with a current turnover of £100,000 and a profit margin of £20,000. This price includes all stock and accounts are available for review. Despite being a small business, we boast a comprehensive selection of colorful yarns, fibers, and crafting amenities in a spacious and easily navigable store layout with frequent footfall from nearby shops and services.
LR Wool and Haberdashery operates with two dedicated employees and sustains a solid online presence. With no immediate competition in the area, the business continues to see an upward trend in turnover. As the lease is coming to an end, we are looking to sell the business and are willing to offer ideas and assistance to new owners to ensure a seamless transition.
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.
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.
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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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