FOR SALE
642822
Large Established Retail Business for Sale – Prime High Street Location – Hull – Retirement Sale
A fantastic opportunity to acquire a well-established and well-known retail business located on one of Hull’s busiest and most vibrant high streets. The business benefits from strong daily footfall, a loyal customer base, and consistent passing trade from nearby residential areas, schools, and university students.
This is an ideal opportunity for a first-time buyer, experienced retailer, or family-run business looking for an easy-to-manage operation with excellent growth potential.
The shop sells a wide range of everyday household goods and general retail items, making it a trusted and convenient stop for the local community.
One of the key advantages of this opportunity is the size of the premises, which is significantly larger than the average high street shop. The property was originally two terraced houses that have been combined, creating a spacious shop floor of approximately 1,324 sq ft.
In addition, the property includes a first-floor area of approximately 758 sq ft, offering substantial development potential. Subject to the necessary permissions, the first floor could be converted into residential flats to generate rental income, creating an additional revenue stream.
There is also the possibility of splitting the ground floor into two separate retail units, allowing two businesses to operate from the premises and maximising the earning potential.
Key Features
• Prime high-street location with strong footfall
• Established business with loyal repeat customers
• Large shop floor – approx. 1,324 sq ft
• Additional 758 sq ft first-floor space with development potential
• Property created from two combined terraced buildings
• Potential to split shop into two separate retail units
• Opportunity to convert first floor into rental flats (STPP)
• Easy-to-run business with low overheads
• Fixtures and fittings included in the sale
• Immediate trading opportunity with no downtime
• Significant potential to expand product lines or services
The business is being offered for sale due to genuine retirement, presenting an excellent chance to take over a trusted local business with strong foundations and future growth opportunities.
The business is available with an option to purchase the freehold property, making it an attractive opportunity for both owner-operators and property investors.
Opportunities like this rarely come to market, especially with such flexible space and development potential.
Early viewing is highly recommended.
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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