||Employees||1 full, 0 part
* Included in Asking Price
Electrical Appliances/White Goods Retailer & Repair Centre
Location Salop/ North Shropshire
Asking Price: OIRO £ 49,000 plus sav
Asking price includes:
High profile leasehold property in town
Turnover for last financial year circa £435,000 per annum
Gross Profits for last financial year circa £107,000 per annum
Sales, Servicing and Repairs
SIRIUS Buying Group Membership
Bosch & Dyson main dealers
Fully computerised EPOS systems
Over 20 years successful trading
Website and online catalogue
This well established and profitable retail business has been successfully trading in the centre of this town for well over 20 years and has built up a sterling reputation in the area, and a loyal customer base, who appreciate the high quality products and superior service levels and installations this company provides.
The business has 3 core revenue streams - however the majority of revenues come from retail sales (circa 90%).
• Retail sales of domestic electrical/white goods (inc. washing machines, fridges, freezers, microwaves, dishwashers, ovens, cookers, hobs, built in appliances as well as small appliances, vacuum cleaners etc.)
• Domestic installation of such equipment
• Full after sales service including in-house service, spares and repair centre
The firm is very well established within the area providing a ‘one stop shop’ to many of its customers, with a guaranteed range of products and services and the highest levels of quality.
The business is located in the centre of the town whose inhabitants appreciate the high quality brands the company retails. The business is a main dealer for leading white goods and leading appliance manufacturers including Bosch, Neff, Hotpoint, Indesit, Smeg, Dyson, Hoover, Candy and Baumatic and has extensive knowledge and impartial advice at its disposal.
Customers will travel to view and buy products due to the choice, the advice and more importantly for the after sales service that continues to be provided and includes delivery, set up and installation as well as removal of old items. The company has excellent supply partners and is a member of one of the UKs largest home appliance buying groups so it can boast excellent buying power and speedy deliveries.
|Facilities:||The business operates from prime leasehold retail premises in a thriving town with excellent shop frontage. Premises comprise main retail areas with stock room. Total area is circa 1,500 square feet.
In addition to the on-site stockroom the business also rents a warehouse circa 1,200 square feet close by which holds additional stock.
Total rent rates and insurance for both sites circa £27,000 p.a.
The business is being offered for sale as leasehold. However the vendor owns both properties and would be happy for a new owner to relocate the business if so required. He may even consider selling the freeholds.|
|Growth Potential:||Whilst the business has an informative website with online catalogue it utilises to showcase the leading brand appliances it has available it doesn’t sell online. This could represent a new revenue stream to a new owner.
The business also has excellent opportunities to maintain and generate new revenues from its substantial customer base, as clients will return for accessories, upgrades and repairs as well as generating new sales via referrals. The local demographic have healthy disposable incomes and domestic installation work is certainly an area for ongoing growth|
|Training/Support:||The vendor will provide full support and handover period to ensure a seamless transition of ownership. This should be a relatively straightforward process as the business has excellent systems in place and the business is model is simple yet effective.|
|Sale Reason:||The vendor is looking to pursue new opportunities having been in the industry for well over 20 years|
Seller Reference #AD037
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.