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tuggybear

Businesses For Sale

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Car valeting service

Pubs (loads)

A letting agency

Mortgage broker/financial services

Flooring & Carpet Retail Business (that rings a bell)

Post Offices/convenience stores

Fast food/snack/sandwich places

Specialist Kitchen Canopy & Duct Cleaning Service ( :blink: )

Maybe this is a normal cross-section of the type of businesses that are up for sale at any one time, but many do seem to fit the profile of being vulnerable to an economic downturn.

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problem is, so many of these businesses were bought under the spell of the optimistic business environment that's existed over the past few years. There are so many businesses up for sale now close to me its untrue, never seen such a volume before, forget a rush to sell in residential, this has been a stampede. Most are pointless 5hite quite frankly, sadly it's the gullible looking for a greater fool not supported by decent sets of accounts or trading history, so many relying on unrealistic property values too. Folk will be stuck and be nursing far bigger losses than simply seliing a house. Let's not forget that the traditional method of raising cash, supported by a bit of local research and a decent business plan delivered to you local friendly bank manager, went out of the window years back, you wanted it you just mewed. The new small business buyer won't be able to raise the finance through the traditional bank manager method, or mew, nightmare for so many wanting to find an exit...

good night all... :)

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Fantastic find tuggybear ;)

Nooo!!!!

My local Cuzza is up for sale!!!! (not that I actually spend money there, but I hear it is good!!)

Good leading indicator demonstrating which regions are going to get hit repos wise though.

All the same, very sad to see entreprenurial minded souls go to the wall... Survival of the fittest and all that I suppose.

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Excellent link, that. Duly passed on to all and sundry. Which probably isn't quite what the site had in mind in terms of valuable hits, but hey. :)

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If you search "NE1" on Rightmove, there are now, for the first time I'm aware of, a number of business leaseholds available for sale...

City Centre office leasehold for sale - £10,000

Hairdressers, Pudding Chare, Newcastle, NE1 - £35,000

Another NE1 hairdressers for sale at £40,000

CAFE/HOT FOOD TAKEAWAY, corner of Queen Street and Akenside Hill, Offers in Excess of £59,500

There are also a couple of business freeholds available in NE1 for £600,000+.

Whether this was a mistake by the agent wrongly listing them on the site or they are desperate for revenue, the great rush for the exit by homeowners and business owners has undoubtably begun.

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I did a search in Wales. Appears our biggest industry is Pubs - pub after pub after pub for sale.

I am not sure what this is though - 'Town Centre Destination Dining Venue In Gorseinon For Sale'?

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My experience of small businesses like most of these are that they are like camper vans - all for sale all the time. Pubs used to be different - people hung onto them as you could make some serious money from them as a tenant. Not any more - I searched on pubs in london and there are hundreds and probably 2/3rds of the pubs for sale are enterprise inns tenancies. Clicked on a few and "current licensee eager to sell" was the general message. Given the enormous rents that Enterprise expect (£40k p.a. is not uncommon) and the rates (£10kp.a.) and Ted Tuppen's comments highlighted on another thread I would suspect the takers for these licenses are few and far between; we are going to see many many more pub closures in the next few years. Given that where I live in east london most of the pubs have already closed in the last 20 years because of changing demographics and the comment on the Enterprise thread to the effect that the "last pub will close in England in 20 yrs time and be converted to a mosque" is not looking too wide of the mark!

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In the last two days i have seen 3 pound shops having closing down sales...... pound shops!!!!! i am in ayrshire, masively overpriced housing ... average ex council 3 bed house 130K and average earning about 18k......POUND SHOPS CLOSING DOWN!!!

this says it all Im afraid.

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POUND SHOPS CLOSING DOWN!!!

this says it all Im afraid.

:lol:

I'm amazed at the volume of "restaurants" for sale in Brighton. (Most of them deserve the quotes). Spot-the-unboarded-up-one should be fun in utumn.

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I have always been very suspicious of businesses for sale as a going concern, surely nobody would put one up for sale is it was making a packet. Therefore to me the suggestion would be two fold, 1. their reputation or service is rubbish or 2. There isn't the market for whatever the product is.

Therefore you would be better off opening you own business without whatever stigma there might be attached to the current one. This might not be true in all cases but I imagine there are very few people reluctant to sell on businesses making a tidy profit.

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I have always been very suspicious of businesses for sale as a going concern, surely nobody would put one up for sale is it was making a packet. Therefore to me the suggestion would be two fold, 1. their reputation or service is rubbish or 2. There isn't the market for whatever the product is.

Therefore you would be better off opening you own business without whatever stigma there might be attached to the current one. This might not be true in all cases but I imagine there are very few people reluctant to sell on businesses making a tidy profit.

Yes...had a look at this site - lots of businesses for sale for under 10k, but with profits of greater than 100k...hmmm

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If you had to put your str fund into a small business, what would it be?

I was going to say Loansharking - until I realised that someone else had already suggested banking... :blink:

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I was going to say Loansharking - until I realised that someone else had already suggested banking... :blink:

:lol: I just don't get this for instance; either a local florist or greengrocers for sale, were they want let's say 20k for the 'good will'. Why not just open a new one down the road in an empty shop spend 5k fitting it out, give it a snappy brand and chase their lax ar5es out of town? :D greengrocer near us for sale, they want 14K and the rent is 60 quid a week, quite frankly it's a run down mess. Surely folk just meet with owners, find out who suppliers are etc, then open up the bright shiny new version up the road? That's what I'd do anyhow.....muhahahaha...and all of that... :ph34r:

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If you had to put your str fund into a small business, what would it be?

Well I see a car repair garage near me for sale and would have thought it was a good business to be in.

People always need their cars fixing.

Shame I am not that good with cars nowadays, the modern ones are difficult to work with unless you have a premises

with the right tools.

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:lol: I just don't get this for instance; either a local florist or greengrocers for sale, were they want let's say 20k for the 'good will'. Why not just open a new one down the road in an empty shop spend 5k fitting it out, give it a snappy brand and chase their lax ar5es out of town? :D greengrocer near us for sale, they want 14K and the rent is 60 quid a week, quite frankly it's a run down mess. Surely folk just meet with owners, find out who suppliers are etc, then open up the bright shiny new version up the road? That's what I'd do anyhow.....muhahahaha...and all of that... :ph34r:

I heard of a guy that tried that. Opened a greengrocers close to an existing one. There was a price war but having been in the trade a long time, the original guy got better prices from the suppliers.

It took about 2 years for the new guy to go bust, lost his house as well.

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I heard of a guy that tried that. Opened a greengrocers close to an existing one. There was a price war but having been in the trade a long time, the original guy got better prices from the suppliers.

It took about 2 years for the new guy to go bust, lost his house as well.

ah ha! there's a succint diference, do you pay 14k to a dying business to take over their failure, or nail it/kill it/ bury it with the first 5k? You wouldn't be competing with a healthy business, think of it as gentle retail euthanasia :o . Anyhow, moving on from the trivial, I used to know a guy at the forefront of a huge chain of mobile phone shops, he started a bit later than those who broke the ground but caught up very quickly, his 'plan' (laughingly simple) was to open as close to the existing phone shops already in the high street, it worked, he even got soft loans off some of the network providers to pull it off, he sold out a few years back. ;)

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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