Highly Regarded Wool and Haberdashery Shop in Musselburgh East Lothian for Sale, Great Growth Potential
Musselburgh, East Lothian
- Status
FOR SALE
- Date Submitted:
28/08/23
- Advert ID
518755
- Reference
1598 / Rightbiz
- Call Agent:
- Freehold: £115,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
A well regarded wool and haberdashery shop for sale in a busy high street trading location ref 1598
Excellent business opportunity in popular high street. Has traded as a wool shop/haberdashery for last 25 years. Retirement sale. Rarely available high street freehold property. Huge potential to enhance and increase business. Currently operating on a limited basis through choice. Property is rates exempt. GIA 46.85 sq. metres. Ideal opportunity for hands on operator or bolt on business.
FREEHOLD PRICE £115,000 STOCK AT VALUATION.
Four Bags Full is located on the east side of North High Street in the seaside town of Musselburgh. Musselburgh is the largest town in East Lothian on the coast of the Firth of Forth, 5 miles east of Edinburgh city centre. The town boasts an ever-expanding population of around 22,000 and is linked to Scotland’s capital via the main A1 routing and also by its two railway stations. Musselburgh is very much seen as a town in its own right but more and more the town is viewed as a suburb of an ever-expanding Edinburgh.
The business has been in our client’s hands since 2017, prior to that the business had been in previous owner’s hands for 18 years. The shop has traded as a successful wool shop and haberdashery for last 25 years. The business is run at present on a deliberately low-key basis trading on a Tuesday, Thursday and Saturday to individually suit our client, who is a sole trader with no staff assistance. The business is very popular with customers from the Musselburgh area as well as further afield to include Edinburgh.
Huge potential exists for new owners to take over and boost trade immediately with extended opening hours.
The property is available on a Feuhold basis (Freehold)
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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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