* Included in Asking Price
Distributor of Professional Audio and D J Equipment
Location : North London
Asking Price : £540,000
Following in excess of 23 years in trading and retailing high-end Audio Visual equipment, the vendor established this stable and growing business in 2005 to focus on the Professional Audio and D.J equipment sector.
From the outset the business has focused on its reputation for delivering all types of equipment, including hard to find and discontinued items. Alongside the major OEM electrical companies, and the high-end niche manufactures, the business stocks from a wide range of suppliers across the industry. As such they have developed a true one-stop shop for the AV installer, Professional D.J., and Nightclub / bar looking to source and implement the best equipment in the market.
The business sells mostly through wholesalers and distributors, with some direct retail orders. Approximately 25% of orders are for the U.K. market, with 75% destined for Europe. They have agreements in place with some major continental distributors, including Germany’s largest retailer.
The business has won a number of exclusive sub-distribution agreements with niche high-end manufactures for U.K. and Eire. Also with the amount of trade the business is capable of, they are continually offered “Direct Dealership” opportunities with major brands such as Sony, Panasonic and Pioneer. Should the retail operation be expanded, this can easily be capitalized on.
The business is currently located in a large and flexible building in North London, allowing for storage and warehousing on-site, with office space and a small retail area. The business can be re-located, the vendor is open to leasing the premises at market value to a new owner, or selling the freehold of the building.
|Facilities:||The business operates from Freehold premises owned by the vendor . A lease can be discussed if required or alternatively the vendor owns the freehold of the premises, which could be made available under separate negotiation. The business could also be relocated.|
|Competition:||The business has maintained a constant presence in the marketplace over the years, with regular stands at U.K. and German exhibitions. They provide promotional material with every order delivered, and take regular advertising in trade magazines. The customer database is comprehensive and allows for both traditional mail, and e-mail shots to existing clients and registered users.|
|Growth Potential:||The business is primed for expansion. The current building can accommodate a retail operation, which the vendor has declined to expand. Also with the preferred status of key manufactures, there is the opportunity to open a direct dealership for the likes of Sony, Panasonic or Pioneer. With specific further marketing to drive private individuals to the website, the internet retailing operation could be greatly expanded.
The trading name is open to expand the range of equipment offered away from the core pro-sound sector. The vendor has also indicated that there is massive potential for expansion further into Europe, with a particular focus on the fast growing Eastern European marketplace.|
|Training/Support:||The owner would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.|
|Sale Reason:||The vendor is looking to hand-over the company on an upward trajectory to someone.|
Seller Reference #AD023
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