CONFIDENTIAL
FOR SALE
658557
Initially established as an LGBT lifestyle store, our business has evolved over the years into an inclusive adult store catering to a diverse customer base. This transition reflects our commitment to serving the community and adapting to changing social landscapes.
There are significant opportunities for growth that the new owner can capitalise on, particularly in areas we have yet to explore. One key aspect is the development of a website—not necessarily for online sales, but to provide essential store information. Furthermore, investing in advertising and marketing would enhance our visibility and attract a broader audience. Extending our opening hours beyond the current 36 per week, which were adjusted during Covid, could bring in more foot traffic. Additionally, developing a more robust social media presence would help us engage with customers and foster a sense of community.
Established in 2007, the business has been under my ownership for 19 years. Its prime location, just ten minutes from the city centre and the main tram line, makes it convenient for both locals and tourists, creating a dynamic customer base. Remarkably, there are no other licensed sex shops in Scotland, offering a unique advantage in a competitive landscape.
Sales and Assets
The sale includes approximately £20,000 worth of shop fixtures and fittings, providing a solid foundation for the new owner. The decision to sell is motivated by retirement, allowing someone else to take the reins of a well-established business.
Currently, the business has one employee, including the active working owner, and it does not have an online presence—a clear area for potential growth. While I will offer training opportunities to facilitate a smooth transition for the new owner, numerous additional benefits will make this a rewarding venture.
Additional Benefits
The property benefits from an affordable monthly rental, excellent security measures including an alarm and CCTV, and an attractive historical setting that appeals to both tourists and locals. Valuable goodwill is included in the sale, alongside vital stock and inventory. The shop boasts a welcoming ambiance, a well-defined target market, and a thoughtfully designed layout that is both spacious and well-lit.
Furthermore, the premises are maintained to high standards, ensuring a tidy and inviting environment. The well-regarded local presence and the wide range of stock suppliers enhance the shop’s reputation, and with the potential for year-round operations, this presents an exciting opportunity for growth. Notably, the business benefits from zero business rates, further contributing to its financial appeal.
For interested buyers, arrangements for viewing and inspections can be easily organised, providing a comprehensive insight into this vibrant community store with significant growth potential.
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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