Gross Revenue: $642,007
AD037-Shropshire-£ 49,000-Electrical Appliances/White Goods Retailer
Electrical Appliances/White Goods Retailer & Repair Centre
Ref.AD037 Location Salop/ North Shropshire Asking Price £ 49,000 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. The company has literally thousands of historical customers on the database, many of whom are repeat clients who have used the company over many years. The business is being offered for sale as leasehold. The premises are prime retail in the town and the business enjoys excellent exposure, good signage and strong footfall.
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 & Expansion: 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
Support & Training: 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.
Reason for Selling: The vendor is looking to pursue new opportunities
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