Electrical Lighting Retailer Business For Sale

623

Electrical Lighting Retailer

Ref.JC020
Location Warwickshire (North)
Asking Price £ 30,000
Asking price includes:

Turnover of Circa: £51,000 per annum
Gross Profit of Circa: £26,000

Excellent reputation for quality products (trade and retail)
Unpatented technical know-how
Very high in house standards
Wide range of clients
Internet website
Goodwill
Business profile:
Turner Butler is delighted to be appointed as sole selling agents for this family owned and managed business opportunity. Established in 2003 the business has never been brought to the market for sale before.

The shop is located in a high visibility position, situated as it is in a street corner position on this busy high traffic road, which is close to the Town Centre.

The main showroom area of the shop has eye catching light fittings and chandeliers that draw attention both day and night. The shop has a retail counter plus an additional room, which is used for stock storage. However, this format could easily be changed, should the new owner desire. There is also a second floor, which is unused by the current owners, but we are led to believe that this could be rented separately if required.

The shops trade is split approximately 50/50 between trade and retail customers, with trade supply being mainly cabling, switches etc. It is felt by the owners that the loyalty of the professional trade customers over the years is something which should be emphasised as they feel this to be an area of great future growth as the economy re-stabilises.

The Directors of this business have now decided to place this business for sale due to the senior member of the family’s wish to retire, and with other business interests to monitor time commitment has become an issue. However, they strongly feel that with fresh energy and investment, this key position, turnkey business could flourish, which is what they would love to see happen, and have decided to sell at an attractive price to encourage a smooth and uncomplicated sale.

Facilities:

Tenure of the businesses shop premises is by way of a lease agreement. Current annual rental comes in at approximately £5,800.

Competition:

The company has developed and maintains an Internet Website.

Training/Support:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Sale Reason:

The Director who is mainly responsible for the operation of this shop now wishes to take up a well e