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CONFIDENTIAL
FOR SALE
636692
The business, established for 15 years and currently owned for the same duration, is situated in a vibrant community of over 4,000 residents, which includes local businesses and schools. Despite challenges due to a family member's illness, the business enjoys a loyal customer base, with average spending of £12 per day per customer. There is significant potential to invest and grow sales, especially with a turnover currently at £520,000.
In terms of amenities, the business benefits from proximity to schools and public transportation, such as buses, which attract a steady flow of customers. The local competition consists of only one other similar business, giving the current owner a favorable position in the market. Included in the sale are fixtures and fittings, and there has been an increase in turnover over the past year, indicating growth potential.
The owner has decided to sell the business as they are approaching retirement. Currently, there are two employees, and the new owners will benefit from training opportunities provided by the seller, ensuring a smooth transition. It is important to note that the business currently lacks an online presence, representing an area for potential growth. The shop is doing 10,000 per week but given the past when the shop had more stock it was doing 15,000 per week
The asking price for the leasehold opportunity is available upon request, with an annual rent of £35,000. Financial accounts are also available for review, making this a comprehensive opportunity for interested buyers.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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