Handmade Candle and Home Décor Kiosk for Sale in Coventry with Stainless Steel Jewellery
Coventry, West Midlands
- Status
FOR SALE
- Advert ID
660000
- Asking Price: £7,000
- Turnover: On request
- Profit: On request
Key Features
- Compact and manageable operation
- Diverse and appealing inventory
- Established retail business location
- Offers invited for sale
Business Details
Jewellery, Handmade Candle & Home Décor Business for Sale in Coventry
Established in April 2024, this owner-operated retail business sells stainless steel jewellery, handmade candles and decorative ornaments from a kiosk within West Orchards Shopping Centre, Coventry city centre.
The centre has well-known retail brands and a food court on the upper floor. Turnover has increased as the product range has expanded. Sales records and financial information are available to serious buyers on request.
The asking price is £17,000, negotiable, including stock and the seller-owned equipment listed below. Current stock is estimated at approximately £2,500 at cost. Stock levels will change during trading, and the exact inventory included will be agreed before completion.
Equipment included: tables, a cash drawer, plastic storage boxes, display stands for bracelets, necklaces, keyrings, wallets and candles, a security camera and an internet modem.
The kiosk structure belongs to the shopping centre and is not included in the sale. The current occupancy arrangement is monthly at £900 per month. The seller currently pays no separate electricity, service charge or business rates. The buyer’s continued occupation, rent and other terms are subject to shopping centre management approval.
The existing brand name and the owner’s personal candle Instagram account are excluded from the sale. The buyer will need to trade under their own name. No website or social media accounts will be transferred.
The business has no employees and is operated solely by the owner. Current opening hours are Monday–Saturday, 9:30 am–6:00 pm, and Sunday, 10:30 am–5:00 pm. Candle production is carried out separately at the owner’s home; the buyer will need to arrange their own production space or source finished candles.
Initial guidance and handover support can be provided, with the scope and duration agreed with the buyer. Following signing of the sale agreement and completion of the sale, the main suppliers will be introduced. The seller is willing to help the buyer access existing supplier discounts, subject to each supplier’s approval.
The business is being sold because the owner is relocating to another city and intends to establish a similar business there. Preferred handover is 1 January 2027, subject to agreement and management approval.
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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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