Leasehold Mobility Equipment Business Stoke-On-Trent For Sale

Business description

Business Details
The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £30,000 with a net profit of £40,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because of time constraints. .
An easily run operation.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this mobility equipment business which has been established since 2006. The business has been in the hands of the current owner since that time and he now wish to sell due to time constraints and another business venture.

This very good business opportunity provides mobility scooter, wheelchairs and electric wheelchairs, as well as bathroom equipment.

The concern employs two members of staff (including the vendor).

The owners’ role is very hands on and he works full time.

The owner markets the business in the yellow pages and also by word of mouth. He also has a website.

As far as competition is concerned, there is nothing directly competing with the business in Stoke-On-Trent. There are however two businesses ion Henley selling a similar service.

The client base consists of the older generation or the disabled.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sundays.
• Increasing the product line to include new ranges of equipment
• With an enhanced website.
• Rent out the accommodation above the shop.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008 was approximately £30,000 with a net profit of approximately £40,000. The present value of the stock is £35,000 with a market value of £70,000 - £80,000. The potential turnover of the business within the next 2 years is forecast to double given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 3 years remaining. The rent is £11,000.

Living accommodation:

First Floor On the first floor there are two double bedrooms, a single bedroom and a fully equipped bathroom. Second Floor On the second floor there are a further two double bedrooms. External To the front there is a main arterial road enjoying much traffic and foot flow To the rear is a large car park.

Location:

This superb business opportunity is situated in the town of Stoke-on-Trent in the County of Staffordshire .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.

The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.

The location is well linked with the A50 providing links to the M6 and the Longport railway station close by. The business has clientele from a 20 mile radius. The locale offers a good lifestyle opportunity.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out. From the main sales area there is access to the rear and the kitchen area etc.

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sundays.
• Increasing the product line to include new ranges of equipment
• With an enhanced website.
• Rent out the accommodation above the shop.

Competition / Market:

As far as competition is concerned, there is nothing directly competing with the business in Stoke-On-Trent. There are however two businesses in Henley selling a similar service.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

Owner wishes to sell due to time constraints and another business venture.

Trading hours:

The business operates from Monday to Friday between 9:00am and 5:00pm. On Saturdays the hours are 10:00am and 4:00pm.

Furniture / Fixtures value:

£2,000 (included in the asking price)

Inventory / Stock value:

£35,000 (included in the asking price)