Established Online Clothing and Accessories Retailer Lotmart in Tilbury Essex for Sale
Tilbury, Essex
- Status
FOR SALE
- Date Submitted:
11/08/23
- Advert ID
517933
- Reference
B07462 / Rightbiz
- Call Agent:
- Asking Price: £260,000
- Turnover: £551,727 (£10,610 Per week)
- Net Profit: Not Applicable
Business Details
Online clothing and accessories retailer for sale
BusinessPlease quote reference B07462
CoGoGo are delighted to welcome to the market Lotmart, a highly rated online retailer of clothing items and accessories.
The business was first established by our client in 2011. The business has built up an excellent reputation and regular customer base during the ownership of our client.
Lotmart has now come the open market due to our clients ill health.
Lotmart is an online retailer of clothing and accessories, offering both up to date fashion ranges and timeless pieces at affordable prices. Their online range includes embroidery, women, men, girls, boys, baby, toys & games. Their online selling platforms included 3x eBay accounts, an OnBuy account, 2x Amazon accounts, the CDiscount platform and their own website.
Lotmart is trademarked and word market, and has a registered domain name of lotmart.london. The business has circa 3,000 followers on Facebook and use Royal Mail collections from premises and Amazon Shipping collections for Amazon Prime orders.
Suppliers are located in the UK, France and Italy, with a full list to be disclosed to the new owner.
Key selling points -
- 5 Star google review score
- Lots of potential to increase sales and profit levels
- Lotmart is trademarked and word marked.
- 3 eBay accounts (oldest Lotmart account was created in 2009 and has nearly 90,000 feedbacks and top rated seller status!)
- 2 Amazon accounts ((1 account has seller fulfilled prime and premium eligible) - Feedback 6,980 ratings, 4.8 stars.
- Excellent website
- Reduce current running costs
- Relocate to new premises
- New advertising campaign
- Increase organic orders through social media platforms
- Extend current opening hours
Location
Relocatable.
Premises
N/A
Tenure
We are advised that the business is being sold on a relocatable business only basis.
Hours
Due to the nature of the business, it operates all year round.
Staff
We are advised that the business has 6 members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £550,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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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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