CoGoGo presents an established appliance rental business offering a pay-per-week model, located in the bustling town of Romford. The business has been successfully operated for 3.5 years and has built a solid reputation for providing reliable and cost-effective appliance hire services.
Situated in Romford, a vibrant town with excellent transport links and a strong local customer base. The business benefits from its strategic location and potential for further expansion.
This is a Limited Company that specialises in appliance rentals on a pay-per-week basis. Currently, the business is managed with one employed engineer who handles maintenance and servicing.
The business operates under a leasehold agreement with 10 years remaining on the lease. The annual rent is £12,000, making this a cost-efficient opportunity in a desirable location.
There is significant potential for growth by hiring additional engineers to meet increasing customer demand and expand the range of services offered.
The business includes assets valued at approximately £40,000, ensuring that new owners have a strong foundation to continue operations seamlessly.
The current owner is relocating to the United States, creating an excellent opportunity for a new owner to take over and grow the business.
This is a fantastic opportunity to acquire a well-established appliance rental business with proven profitability and growth potential.
Interested parties are encouraged to get in touch for further information or to arrange a viewing!
Financial Profile
This business generated a turnover of £350,000. Full financials can be made available upon request.
