Profitable Key Cutting and Repair Business in Welwyn Garden City Hertfordshire for Sale
Welwyn Garden City, Hertfordshire
- Status
FOR SALE
- Date Submitted:
15/08/23
- Advert ID
518116
- Reference
14773_D / Rightbiz
- Call Agent:
- Leasehold: £54,999
- Turnover: £126,604 (£2,435 Per week)
- Net Profit: Not Applicable
Business Details
Repairs Key Cutting Business in Shopping Centre Location
BusinessPlease quote reference 14773
CoGoGo welcomes to the market Repairs Plus, which was established by our client in 1992, our client is now looking forward to a well earned retirement.
The business offers a popular key cutting service, shoe repairs, engraving and also sells accessories.
This is a fantastic opportunity for someone to purchase a profitable business in a high footfall area surrounded by many large chains and the towns train station.
There is scope for development by creating a web site and a social media page.
CoGoGo highly advise early viewing to avoid disappointment.
Location
Repairs Plus is located in Welwyn Garden City, Hertfordshire, in the Howard Shopping Centre opposite the entrance to the Welwyn Garden City train station and very close to the main pedestrian entrance to the car park.
Due to its prime trading location Repairs Plus has a high footfall of new and repeat customers.
The shopping centre has a multi storey car park and there is one hour free parking in the local area also.
Premises
The premises is open to the main shopping centre with a shuttered front.
The main counter area has displays for shoe accessories including:-
Laces
Polishes
Inner soles etc.
There are further displays for watches and batteries
Watch straps
Lighters
Sun glasses etc.
Behind the counter are numerous hooks for keys, shoe stands, plus
Numerous key cutting machines
Shoe repair machines
Buffers
Engravers.
Off this area is the small storage are with kitchen facilities.
Tenure
We are advised the business is being sold as a leasehold business opportunity.
With a 15 year lease from October 2016 and an annual rent of £16,500.
Hours
Monday - Saturday: 9am – 6pm
Sunday: Closed
The shop could be open on a Sunday to increase the turnover
Staff
The business is run and managed by our client, However, the business could benefit from a member of staff.
Financial Profile
Repairs Plus generated an advised turnover of circa £126,604 as of the 2016 accounts, with a gross profit of £84,342 and a net profit of £37,397.
Please quote reference 14773
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
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.
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