Mobility Sales Service Hire & Repair Centre For Sale

Business description

This is a well established mobility centre on the North East Lincolnshire coast that specialise in the sales, service, hire and repair of scooters, wheel chairs, portable scooters, 3 & 4 wheel walkers, bath lifts, power chairs, stair lifts and lift & rise reclining chairs. They benefit from their Town Centre, high street location with large volumes of passing traffic in this busy holiday resort.

The business has expanded rapidly over the years becoming the the main distributors for the top brands in their field. They carry a wide range of stock in their showroom with over 60 wheelchairs on display and over 30 new scooters and motorised power chairs on show. They also carry a wide selection of accessories including batteries, trolleys and zimmer frames.

They have a wide customer base which include large holiday parks, caravan parks, local councils, supermarkets and major retail outlets. They have the largest hire business of mobility scooters and powerchairs in the local area which often leads to a sale to the satisfied customer.

This is a profitable business with good cash flow, easy to run and as our national population changes and gets older this is virtually a recession proof business with excellent prospects for growth.

Equipment:

There are two vehicles included in the sale of the business. A fully liveried Toyota Hi Ace van and a Ford Transit van.

Customer Service:

The company offers a full hire service for both residents and holidaymakers to the town. All scooters, wheel chairs and other mobility equipment can be hired by the day or the full week with delivery directly to the clients address or they can collect from the town centre showroom. A small deposit secures the hire with the balance paid on collection of the equipment and an insurance service is offered to their clients if required

Financial Information:

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.

Turnover is circa £311,000 with Gross Profits of £143,000 and Adjusted Net profits of circa £68,000. The forecast by the owner for the current year is for the turnover to grow by circa 5% to £326,000.

Property information

Property:

Leasehold

Lease terms:

The rent for the leasehold premises is circa £5,000 per annum with rates of circa £4,000 per annum.

Location:

The rent for the leasehold premises is circa £5,000 per annum with rates of circa £4,000 per annum. The high street premises totals 120 square metres with a large showroom and large picture windows allowing full views of the showroom and its displays from both the front of the shop and the side of the shop. Outside the front of the shop is a paved area which the owners use for displays of rental equipment. Inside is a large showroom with small reception, a compact workshop and storage area with wc and kitchen space to the rear. The showroom has been completely refurbished with a tiled floor for ease of moving the equipment around. There is the possibility to expand with two other shops for rent next door if required.

The owners also have an external storage unit nearby which is used to house stock and spares. It is circa 300 square feet in total with rent and rates of circa £1,250 per annum

Other information

Competition / Market:

The company advertises regularly in the local paper and place posters and leaflets in camp sites, caravan sites and other tourist attractions in the area. They also benefit tremendously from word of mouth recommendations.

Support & training:

The owner would be happy to help in any way possible to assist in a smooth transfer of the business.

Reasons for selling:

The owner has built the business up over the past ten years and would now like to pursue other interests.

Trading hours:

Monday – Friday 10.00am – 5.00pm
Saturday 10.00am – 3.00p
Closed Sundays