Modern Fragrance and Vape Retailer in Preston Lancashire Available for Sale
Preston, Lancashire
- Status
FOR SALE
- Advert ID
655683
- Reference
B09751 / Rightbiz
- Call Agent:
- Leasehold: £49,995
- Turnover: £180,000 (£3,462 per week)
- Profit: £90,000
Business Details
Modern Fragrance & Vape Retailer
BusinessPlease quote reference B09751
Open To Sensible Offers!
CoGoGo is delighted to bring to the market Dubai Souq Preston, a vibrant and modern fragrance and vape retailer combining an eye-catching physical store with an established online presence.
The business offers an extensive selection of perfumes and fragrances, with a particular focus on popular Middle Eastern and Dubai-inspired scents. Alongside its fragrance offering, Dubai Souq also retails vapes and related products, creating an additional revenue stream and broadening its customer appeal. The business is supported by its e-commerce website and social media presence, giving a new owner an attractive platform for both in-store and online growth.
Offered for sale due to relocation overseas, the business provides exciting scope to expand through social media, influencer collaborations, digital advertising, increased online sales and further product development.
Viewings are to be arranged strictly by appointment only via CoGoGo!
Location
The business occupies a retail position on Ormskirk Road in Preston, providing a physical trading base alongside its wider online sales potential.
Premises
The leasehold shop is well kitted out and presented for continued trading, with security shutters, fridges and an established retail fit-out. This provides an incoming operator with a smart, ready-to-go setup.
Tenure
The premises are held on a leasehold basis, with an annual rent of £16,850. We are advised that the lease term is five years.
Hours
The current operating hours are:
Monday to Saturday - 10:00 am to 9:00 pm
Sunday - 10:00 am to 8:00 pm
Staff
The business currently operates with no employed staff, providing a streamlined cost structure and making it particularly attractive to an owner-operator.
Financial Profile
We are advised that the business generates an annual turnover of approximately £180,000, with net profit of approximately £90,000.
Stock at value is understood to comprise approximately £8,000 of perfumes and £4,500 of vape stock, subject to final valuation.
Business Rates are £65,000 per annum.
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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.'.
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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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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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