Total of 18659 firms and businesses for sale today Friday 3rd May 2024
Sold. Freehold Electrical Appliances/white Goods Retailer & Service Centre
LISTING DETAILS
Firms For Sale ID:
34004
Vendor reference:
AI036
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£275,000
Turnover / revenue:
£775,000
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
Monday-Saturday: 09:00-17:00
Number of employees:
8
OTHER DETAILS
Reason for selling:
The vendor is looking to retire and spend more time with family.
Support and training:
The vendor will provide full support and handover period to ensure a seamless transition of ownership. This should be a relatively simple process as the business has excellent systems and management already in place who run the business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Electrical Appliances/White Goods Retailer & Service Centre
Ref.AI036
Location County Durham
Asking Price GBP 275,000
This well established and profitable retail business has been successfully trading in the centre of this town for over 30 years and has built up a sterling reputation in the area, and a loyal customer base, who appreciate the high quality products and superior service levels and installations this company provides.
The business has 3 core revenue streams.
Retail sales of leading brand Audio Visual, TV, Satellite and other electrical/ white goods (inc. microwaves, small appliances, vacuum cleaners, laundry)
Domestic installation of such equipment
Full after sales service including in-house service, spares and repair centre
The firm is very well established within its market, providing a one stop shop to many of its customers with a guaranteed range of products and services and the highest levels of quality. The business has built up a superb team of staff over the years and this includes senior management. The company has both a sales manager and a service manager in place responsible for the day to day operation of the business.
The business is located in the centre of the town whose inhabitants appreciate the high quality brands the company retails. The company is a main dealer for leading AV /White goods and leading appliance manufacturers and has extensive knowledge and advice at its disposal. Customers travel significant distances to view and buy products due to the choice, the advice and more importantly for the after sales service that continues to be provided and includes delivery, set up and installation as well as removal of old items. The company is a Euronics supply partner so it can boast excellent buying power (including suppler rebate agreement) and speedy deliveries.