CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and thriving electrical appliance retailer.
Taylors of Giffnock has been under the careful and meticulous ownership of our client for the last 8 years, building up an enviable reputation not just locally but within the industry in general, a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client wishing to leave the industry after many successful years of trading as they look to retire in the near future.
The business offers a complete range of household electrical appliances to consumers and is a member of Euronics, Europe’s leading independent electrical buying group and this ensures that it is able to offer products by stellar manufacturers at prices that are competitive with other high street and internet retailers. The business retails a great range of domestic appliances, televisions and integrated appliances some of which are on display in the showroom.
The business prides itself on offering the highest standard of service to all its customers and this is reflected in the number of returning buyers, many of whom have been using the business for years.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, along with the introduction and further promotion of the dedicated website where customers can either click and collect or order for delivery, along with the introduction of some further products.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, with the current owner happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £440,000, with an adjusted net profit in the region of £107,000. Further financials can be made available upon request.
