| (REF: AD022) Domestic Household Appliance Retailer – White Goods and Electrical Merchandise |
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| Seller Reference: |
AD022 |
| B4S Reference: |
12542 |
| Asking Price: |
£255,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£450,000 |
| Number of Staff: |
4 |
| Established For: |
15 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Kent, Kent, United Kingdom |
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Established in 1994, with a highly desirable town centre location, this business has grown to become the number one domestic household white goods and electrical appliance retailer in the area. With no local competition, the retail and repair sides of this business compliment each other perfectly.
The current owner has made it a priority of the business to provide service levels above and beyond what would be expected from larger less personal retail chains. Prompt delivery also ensures both customer satisfaction resulting in plenty of repeat business and numerous referrals resulting in additional sales.
The owner is involved in the local chamber of commerce and the business also benefits from membership of The Electrical Retailer Association. A key factor in the success of this business is the extensive range of stock that means clients can get what they want, when they want. The nearby storage facility allows for this key ingredient and helps see off competition elsewhere in the county.
Located in an affluent part of Kent this company has built up an enviable level of customer loyalty and with the latest accounts confirming annual turnover of over £450,000 and a gross profit of approximately 25%, this business provides an outstanding opportunity for an existing retailer or for any buyer looking to purchase a ready made successful business in a lovely location.
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Property: |
Leasehold |
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Lease Terms: |
The current lease expires in 2017 with a five year review due in 2012. Rent approx. £15,000 per annum and rates approx £3,000 per annum. |
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Current Rent: |
Rent approx. £15,000 per annum and rates approx £3,000 per annum. |
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Living Accommodation: |
No |
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The business currently only advertises in Yellow Pages and local press.Referals and repeat business have allowed the advertising budget to remain low, however online advertising and press advertising outside the local area would certainly reap rewards. |
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The owner of the business is happy to stay on for a handover and to provide training as necessary. |
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The current owner is looking to retire and spend more time at her property in Turkey. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday-Friday: - 9.00 am-5.00 pm.
Saturday: - 9.00 am-4.00 pm. |
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The company employs 4 full time staff. All have employment terms and conditions. |
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