Blacks Business Brokers are happy to announce the recent completion of this investment property in Accrington. The original business was in a highly sought after area of Huncoat, Lancashire. Our client had been trading from the property since 2008. During that time, the business has firmly established itself in the local community, proving to be popular with local customers in addition to passersby. Parking is available immediately outside of the business and excellent public transport links are in place. The area is mainly residential with a handful of other businesses close by.
The business is housed within the ground floor of a large, mid-terraced property. Both businesses housed in this property were well presented. To the rear of the space is a small stock room. The accommodation is housed mainly within the first floor of this building and is let out. This is made up of two bedrooms, a lounge, bathroom and kitchen. The kitchen is the only part of the accommodation housed within the ground floor. This brings in a rental income of £6,000 per annum. All areas are finished to a high standard, having been refitted in 2017 and has excellent quality fixtures and fittings in place.
The business originally came on the market with Blacks Business Brokers due to our clients other business interests. Once on the market, our client opted to pay for signage outside the business. We find that from past experience, this method of marketing is most beneficial to our clients, especially in areas which receive high amounts of foot traffic. As well as traditional marketing, we added this business to our weekly newsletters and posted it on our social media platforms. This gives businesses access to over 60,000 potential customers, on top of those who see this business through external websites such as Businessesforsale.com and Daltons businesses.
Our buyer for this business came to us after seeing this business advertised in our weekly newsletter, once the buyer got in contact with us we were able to take this property off the market and involve each parties solicitor. Our client managed to achieve the full asking price for the business and has moved on to pursue their next business venture. We wish all the best to our client and hope that the buyer is happy with their purchase.
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