Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Electrical Lighting Retailer
LISTING DETAILS
Firms For Sale ID:
12360
Vendor reference:
JC020
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£30,000
Turnover / revenue:
£51,000
Net profit / cashflow:
Undisclosed
Years established:
9
Trading hours:
Monday – Friday: 8.00am – 5.00pm
Saturday: 8.00am – 4.00pm
Number of employees:
1
OTHER DETAILS
Reason for selling:
The Director who is mainly responsible for the operation of this shop now wishes to take up a well earned retirement.
Support and training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Tenure of the businesses shop premises is by way of a lease agreement. Current annual rental comes in at approximately £5,800.
BUSINESS DESCRIPTION
Electrical Lighting Retailer
Ref.JC020
Location Warwickshire (North)
Asking Price £ 30,000
Turner Butler is delighted to be appointed as sole selling agents for this family owned and managed business opportunity. Established in 2003 the business has never been brought to the market for sale before.
The shop is located in a high visibility position, situated as it is in a street corner position on this busy high traffic road, which is close to the Town Centre.
The main showroom area of the shop has eye catching light fittings and chandeliers that draw attention both day and night. The shop has a retail counter plus an additional room, which is used for stock storage. However, this format could easily be changed, should the new owner desire. There is also a second floor, which is unused by the current owners, but we are led to believe that this could be rented separately if required.
The shops trade is split approximately 50/50 between trade and retail customers, with trade supply being mainly cabling, switches etc. It is felt by the owners that the loyalty of the professional trade customers over the years is something which should be emphasised as they feel this to be an area of great future growth as the economy re-stabilises.
The Directors of this business have now decided to place this business for sale due to the senior member of the family’s wish to retire, and with other business interests to monitor time commitment has become an issue. However, they strongly feel that with fresh energy and investment, this key position, turnkey business could flourish, which is what they would love to see happen, and have decided to sell at an attractive price to encourage a smooth and uncomplicated sale.
Expansion Potential
It is felt that perhaps with refreshed energy and flair, plus perhaps greater investment in stock and more creative usage of the extra space available here, that this business could make better benefit from its commanding position. The Directors also feel that a more dynamic 21st century approach to marketing to the professional trade sector would reap its rewards in the future.