Bargain store for sale in Stevenston North Ayrshire, includes a hardware shop and customer base.
Stevenston, North Ayrshire
- Status
FOR SALE
- Advert ID
648961
- Leasehold: £30,000
- Rent: £6,240 (£520 per month)
- Turnover: £90,000 (£1,731 per week)
- Profit: £22,000 (25% Profit margin)
Business Details
Stevenston bargain store
For sale is a thriving hardware shop located in Stevenston, North Ayrshire. Established almost four years ago, the business has built a loyal local customer base, benefiting from consistent foot traffic and a prominent position that offers high visibility and easy accessibility. The shop boasts a diverse product range, including essential home items, tools, and hardware products, catering to the varied needs of the community.
In addition to the core product offerings, the store provides additional services such as PayPoint and a selection of vaping products, enhancing its appeal to customers. The premises are well-maintained, featuring organized shelving and eye-catching displays that create an inviting shopping environment. This meticulous attention to detail ensures that customers enjoy their experience and are likely to return.
Financial Overview
The leasehold price for the business is £30,000, with an annual turnover of £90,000 and a profit margin of £22,000. The rent for the property stands at £6,240 per year. All stock is included in the sale, making this an appealing opportunity for prospective buyers.
Growth Potential
Over the past year, the business has experienced a noticeable increase in turnover, indicating strong growth potential. Currently, there are no competing hardware shops in the vicinity, positioning this business favourably within the market. The owner, who has operated the shop for the last one and a half years, is seeking to sell due to other business commitments that limit the ability to manage the shop effectively.
Additional Information
The shop operates with the support of one employee, and while there is no online presence at the moment, this presents an opportunity for the new owner to expand the business further. Training opportunities will be offered to ensure a smooth transition for the new owners, helping them to maintain the high standards established by the current management.
With all of these elements coming together, this hardware shop represents an exceptional investment opportunity for anyone looking to enter the retail sector or expand their existing portfolio.
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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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