Electrical Retailer And Household Appliance Repair Business For Sale

Business description

Established in 1994, with a highly desirable town centre location, this business has grown to become the number one electrical and white goods retailer in the area. With no local competition, the retail and repair sides of this business compliment each other perfectly.
The current owner has made it a priority of the business to provide service levels above and beyond what would be expected from larger less personal retail chains. Prompt delivery also ensures both customer satisfaction resulting in plenty of repeat business and numerous referrals resulting in additional sales.

The owner is involved in the local chamber of commerce and the business also benefits from membership of The Electrical Retailer Association. A key factor in the success of this business is the extensive range of stock that means clients can get what they want, when they want. The nearby storage facility allows for this key ingredient and helps see off competition elsewhere in the county.

Located in an affluent part of Kent this company has built up an enviable level of customer loyalty and with the latest accounts confirming annual turnover of over £450,000 and a gross profit of approximately 25%, this business provides an outstanding opportunity for an existing retailer or for any buyer looking to purchase a ready made successful business in a lovely location.

Key Strength:

The main factors making this business a success include the strong reputation for quality and service that the current owner has achieved. The stock is competitively priced, is delivered promptly and the owner has demonstrated an ability to provide a high quality repair service to compliment the retail side of the business.

Key Opportunity:

There is an immediate opportunity to increase sales by adding new products to the retail side of the business. Greater focus on online advertising and potential for web sales would take the business to another level. Increased opening hours are also likely to deliver higher turnover.

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Location:

The current lease expires in 2012 with rent approx. £15,000 per annum and rates approx £3,000 per annum.

Other information

Competition / Market:

The business currently only advertises in Yellow Pages and local press.Referals and repeat business have allowed the advertising budget to remain low, however online advertising and press advertising outside the local area would certainly reap rewards.

Support & training:

The owner of the business is happy to stay on for a handover and to provide training as necessary.

Reasons for selling:

The current owner is looking to retire and spend more time at her property in Turkey.

Trading hours:

Monday-Friday: - 9.00 am-5.00 pm.
Saturday: - 9.00 am-4.00 pm.