High Street TV and Electrical Retailer for sale in Wem Shropshire with two shop properties
Wem, Shropshire
- Status
FOR SALE
- Advert ID
646802
- Freehold: Price on Application
- Turnover: On request
- Profit: On request
Business Details
High Street TV & Electrical Retailer
Business & Property for Sale – Princes Company
Wem & Prees, Shropshire
An excellent opportunity to acquire a long-established village retail business together with two well-located shop properties in the heart of Shropshire. Princes Company is offered for sale as a fully operational business with two retail premises, providing a rare chance for buyers seeking an established enterprise with property ownership or flexible leasing options.
The Opportunity
Princes Company operates two well-situated local retail stores serving the communities of Wem and Prees, both popular market towns in North Shropshire. The business has built a strong local reputation and benefits from regular custom from residents and visitors alike.
The sale represents a turn-key opportunity for an owner-operator, family business, or investor looking to acquire an established retail operation with property assets.
Included in the Sale
- Established trading business
- Business goodwill
- Fixtures and fittings
- Existing stock (subject to valuation at completion)
- Option to purchase one or both shop properties
Approximate business valuation:
- Goodwill, fixtures & fittings – £30,000
- Stock (at valuation date) – £55,000
Total business value: Approx. £85,000
Property Details
38 High Street, Wem, Shropshire, SY4 5DG
Guide Price: £150,000
A prominently positioned retail premises located on the High Street in the busy market town of Wem. The property benefits from good footfall and strong local visibility, making it ideal for continued retail use.
The Well House Shop, Church Street, Prees, Whitchurch, Shropshire, SY13 2DQ
Guide Price: £200,000
A charming village shop situated in the centre of Prees, serving the local community and surrounding rural area. The property offers an attractive retail environment with an established customer base.
Flexible Purchase Options
To suit a wide range of buyers, the business is available under several purchase structures:
- Purchase the entire business and both properties
- Purchase the business only, with the option to rent one or both premises from the current owner
- Purchase individual property assets subject to agreement
- Lease arrangements may be available for operators wishing to run the shops without purchasing the properties
This flexible structure provides an attractive opportunity for both owner-operators and property investors.
Key Features
- Established local business
- Two village shop locations
- Loyal customer base
- Freehold property opportunities
- Option to lease premises if preferred
- Ideal owner-operator or investment opportunity
- Strong community presence
Note
The business operates as part of the Euronics retail network. The purchaser will be required to acquire the relevant Euronics membership share from the current owner in order to continue trading within the group.
Location
Both stores are located in North Shropshire, serving thriving local communities:
- Wem – a historic market town with strong local trade
- Prees – a well-supported village with a loyal customer base
The combination of town and village trading locations provides a stable and diverse customer demographic.
Viewing & Further Information
Full business details, trading information, and viewing arrangements are available upon request. Confidential enquiries are welcomed, and interested parties will be required to provide proof of funding before detailed discussions.
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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.
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