Freehold Aerial And Satellite Installation With Huge Potential For Sale in West Midlands County- Business 4 Sale .co.uk

Business Summary

THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this exceptionally well established and popular aerial and dish installation business.

The business has an excellent local reputation with a very high referral rate from other satisfied customers of whom approximately 95% are domestic.

They install and supply tv and radio aerials satellite dishes, freeview, freesat and Sky systems as well as carrying out repairs.

In the year to December 2009 they achieved annual sales of £232,131 with a gross profit of £64,182. Overheads are low, resulting in very satisfactory net profits.

Included within the asking price are two sign written Peugeot Expert vans both on an ’04 plate’ equipped with radios allowing contact with the office. Appropriate radio licenses are held.

We have been advised that planning has been submitted to the local authority for a 1 bed flat with a garage

We are advised that stock is currently at the value of circa £3,000.

Within the freehold premises is a shop which sells aerials and accessories.

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Annual sales: £232,131
Gross Profit: £64,182
Adj. Net Profit: TBC

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Freehold

	Lease Terms:	TENURE: Freehold We are advised that the annual business rates are currently: £2,000

	Living Accommodation:	Yes

	Details of Accommodation:	The premises briefly comprise: Ground Floor • Detached 2 storey property with side stores • Entry from own car park into the shop area which has a separate side store • Counter and till on entry with side glass display cabinet • Stairs to first floor • Office with w/c and side kitchen area • The premises are fully double glazed

	Location:	• The business premises are located in the heart of a densely populated residential area of a major town in Wiltshire. • The premises has sufficient parking for approximately 3 cars with additional free of charge on street parking available in the local vicinity.

Growth Potential

This is already a successful business, it does however, offer excellent scope to increase both sales and profits by:
1. Increasing the working area beyond the current circa 20 mile radius
2. Having a full time working owner who also does installations would save on staff wages
3. Increase advertising into other nearby areas
4. Change the shop to also sell other products lines such as DIY
5. Convert the premises into a residential property and run the business from home. The space required for stores is approximately the equivalent of a single garage

Reason for Selling

The business is only now being reluctantly offered for sale as vendor wishes to retire.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Mon-Fri: 9.00am – 5.00pm
Sat: 9.30am – 1.30pm

Summary of Staffing

The business operates within an approximate 20 mile radius of the premises with 2 full time fitters.

The vendor works for approximately 3½ days per week and they also employ one part time staff member to do paperwork etc for 3½ days per week.

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