If you are thinking of selling a business in the Reatil Sector then click here to get in touch and find out more about our NO UP FRONT FEES when you sell a business with Hilton Smythe.

 

 

 

We have a wide range of businesses for sale in the Retail Sector; from Scotland to London, we have it covered. With over 1,000 opportunities to choose from, we have a business for everyone. So, if you're thinking of buying a business click here, you're in safe hands with the UK's leading business broker.

 

Retail

Whether it's a convenience store, petrol station, garage, newsagent or off licence, Hilton Smythe have the experience to help you buy or sell your perfect business, from Scotland to London, we have a business for sale, just for you. Get searching now for your perfect convenience store, petrol station, garage, newsagent or off licence.

 

Whether it's a lifestyle change, or dreams being your own boss, Hilton Smythe are with you every step of the way on your buying or selling journey. We list some of the many key things to consider when buying or selling a business.

"Location, location, location"

Ever heard the phrase 'location, location, location'? This phrase is key when buying a business. If you are thinking about buying a convenience store, petrol station, garage, newsagent or off licence, check out the area; what are the customers like, what are the footfall levels? You will also be looking for things such as free on street parking and an excellent, established reputation in the area.

The bigger the profit, the better

When buying or selling a convenience store, petrol station, garage, newsagent or off licence, the more profit you make, the more you will be expected to pay for that business for sale. When selling, you need to make sure your making as much profit as possible by ensuring your costs are down and you are maximising every selling opportunity. Don't worry if you're running the business to suit your needs, a buyer will be looking for opportunities such as deliveries or longer opening hours.

Open for business

How long you have traded will determine amongst other things how much someone is willing to pay for the goodwill of the business. A garage that has been open just a few months will be worth significantly less in terms of goodwill than a petrol station which has grown a steady customer base for the last 20 years. Whilst this may seem to be common sense, it is often difficult for a seller to accept that a business which has traded for a relatively shorter period of time, is generally worth less than a competitor with many years' trading behind them.

Funding your purchase

If you need finance to buy a convenience store, petrol station, garage, newsagent or off licence, you can consider a personal loan if you need less than £25,000. If you need more than this, please remember that you are likely to need at least half of the money you borrow to buy a business if lending from a high street bank. You can talk to us about financing your perfect business for sale and we can put you in touch with specialist brokers who will search the market finding you the best rates. Don't forget, like buying a house, you will have to pay legal fees. You should also make allowances in your budget for the purchase of stock. Stock is usually valued before purchase and added to the agreed purchase price.

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