Mobile and vape shop for sale in Colchester Essex with potential for growth
Colchester, Essex
- Status
FOR SALE
- Advert ID
656070
- Leasehold: Price on Application (Stock at valuation)
- Rent: £15,000 (£1,250 per month)
- Turnover: £156,000 (£3,000 per week)
- Profit: On request
Business Details
Mobile and vape shop for sale
Professor Phone is an established mobile phone, accessories and repair business located in a great trading position in Colchester.
The business currently generates approximately £2,500–£3,000 in weekly sales, despite being predominantly operated by staff.
Historically, the business performed particularly well when it was personally managed by the owner. However, due to health circumstances and the owner now living approximately 100 miles away, it is no longer practical for him to manage the shop on a full-time basis.
The shop is currently run by staff, but there is a limit to the level of repairs, sales development, marketing and day-to-day management that staff can undertake compared with a hands-on owner.
This creates an excellent opportunity for a new owner-operator to take over an already established and trading business and potentially increase turnover considerably through hands-on management, expanded repair services, stronger marketing and further development of the product range.
The shop benefits from a great location with strong visibility and passing trade and is fully set up for someone to take over and continue trading.
The business is being offered for sale due to the owner’s personal circumstances and travelling distance rather than a lack of trade. Further information regarding turnover and the business can be provided to serious interested buyers.
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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.
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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