Homeflairs bargain store for sale in Wednesbury West Midlands
Wednesbury, West Midlands
- Status
FOR SALE
- Advert ID
636853
- Leasehold: £20,000 (Stock at valuation)
- Rent: £12,240 (£1,020 per month)
- Turnover: £150,000 (£2,885 per week)
- Profit: On request
Key Features
- Established Business
- Offers Invited
- Small Business
- With Car Park
Business Details
Established Retail Homeflairs Bargain Store for sale
Homeflairs Bargain Store For Sale
Discover an incredible opportunity to own an established retail shop, Homeflairs, located in a prime location on the bustling main high street of Wednesbury, West Midlands. This store, known for its diverse range of home furnishings, offers an attractive entry point for aspiring business owners at a competitive price.
Key Features
- Strategic high street location with significant foot traffic.
- Established brand recognition with substantial growth potential.
- Spacious retail area designed for a wide array of home furnishings.
- Prominent signage and an appealing storefront enhance visibility.
- Equipped with shopping carts for enhanced customer convenience.
Surrounding Amenities
The shop benefits from its position on a main high street in Wednesbury, surrounded by various amenities such as shops, restaurants, and public services, all of which attract a steady flow of customers.
Reasons for Selling
The current owner is selling the business due to personal circumstances, as a partner has experienced health issues.
Business Operations
This retail business currently employs two staff members and operates without an online presence, providing a fresh start for the new owner to explore digital marketing opportunities. Additionally, the current owner is willing to provide training to facilitate a smooth transition.
Financial Details
The leasehold price for the shop is set at £20,000, with a current annual turnover of £150,000. The annual rent for the location is £12,240, ensuring a promising investment potential.
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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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