Administrators on lookout for buyers for Rapid Discount Outlet

Wed, 17 May 2017 | ADMINISTRATION

Buyers are being sought for Rapid Discount Outlet, which entered administration on 8th May 2017.

Philip Duffy and Sarah Bell of Duff & Phelps were drafted in as the joint administrators, and are marketing the business and assets for sale, while commencing a closing down sale at the shop.

Located in Liverpool’s St Johns Shopping Centre on Basnett Street, Rapid Discount Outlet opened in 2013, taking over from previous company Rapid Hardware, established in 1971, which at its peak took up most of Renshaw Street.

Rapid Hardware entered administration in 2013, with the store closing shortly after owing an amount close to £3 million, and with staff losses numbering 100. Its former owners opened as Rapid Discount Outlet weeks after.

A spokesperson for the administrators said: “As the administration of Rapid Discount Outlet continues, the store has now entered into a closing down sale with massive discounts up to 70% on selected items, including bathroom and bedroom accessories and furnishings, flooring to fireplaces.

The joint administrators are continuing to market the business and assets for sale and soliciting offers from interested parties.”

Ask the administrators about the sale of Rapid Discount Outlet.

Subscribe to the Business Sale Report here.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
05
 
Feb
 

Furnishings company enters administration | ADMINISTRATION

Burnley-based manufacturer and designer of home furnishings,...

 
02
 
Feb
 

High street wine retailer Oddbins enters administration | ADMINISTRATION

Off-licence chain Oddbins has gone into administration. Its ...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources