Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Freehold Electrical Appliances, Tv & Pc Retailer & Service Centre With New Online Sales Faci
LISTING DETAILS
Firms For Sale ID:
34071
Vendor reference:
AI037
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£575,000
Turnover / revenue:
£807,000
Net profit / cashflow:
Undisclosed
Years established:
15
Number of employees:
7
Employees / staffing:
The vendor has put in place a superb team of staff over the years to run the business on a day to day basis. Because of this he spends a lot of time away from the business and tends to operate more on a strategic basis. The business employs 3 full time members of staff including a Sales Manager and a Senior Sales Assistant. In addition to this the business employs 4 part times staff members including drivers, sales personnel and administrators.
The staff are a real asset of the business, being loyal, knowledgeable and trustworthy.
OTHER DETAILS
Reason for selling:
The vendor is looking to retire and spend more time in his home overseas.
Support and training:
The vendor will provide full support and handover period to ensure a seamless transition of ownership. This should be a relatively simple process as the business has excellent systems and management already in place who run the business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Electrical Appliances, TV & PC Retailer & Service Centre with new online sales facility
Ref.AI037
Location Lancashire
Asking Price GBP 575,000
This very well established and successful retail business has been trading in the centre of this town for some 15 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 benefits from having very limited direct local competition provides its customers with a comprehensive sales and after-sales service.
The business several core revenue streams as well as two new ones which should increase both sales and profitability moving forward. These include:
Retail sales of leading brand Audio Visual, TV, Satellite, PC, Phones and other electrical/ white goods (inc. ovens, fridges, freezers, dishwashers, laundry microwaves, small appliances, vacuum cleaners etc.)
Domestic installation of such equipment and removal of old units
Full after sales service inc. spares, consumables etc.
New online sales of above goods via 2 new and secure e-commerce platforms.
New commercial catering equipment/appliance supplies. This was developed due to market demand in the area and at time of this business going to market has only been trading 6 months. Sales to date have been impressive with good margins being achieved. Business has its own catalogue listing circa 20,000 lines from leading brands.
The firm is very well established within its market, 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 has built up a superb team of staff over the years and this includes senior manager and long serving sales and administration staff.
Expansion Potential
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. It could also look to develop a service and repair service should a new owner so wish, as the demand is there.
The two new areas for growth include online sales (which currently only accounts for 5% of revenues) as the infrastructure has been put in place for this and the vendor is already seeing the results. The other potential is in the catering appliance/equipment should a new owner wish to continue to promote this. Again, in a relatively short period of time the business is already benefitting from healthy levels of new business, which compliments its core offering.