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Finance And Services:

Business For Sale. Electrical Lighting Retailer

LISTING DETAILS
Firms For Sale ID:
12360
Vendor reference:
JC020
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£32,500  
Turnover / revenue:
£62,000
Net profit / cashflow:
Undisclosed
Years established:
8
Trading hours:
Monday – Friday: 8.00am – 5.00pm Saturday: 8.00am – 4.00pm
Number of employees:
2

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 until circa March 2011.Current annual rental comes in at approximately £5,800.
 
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BUSINESS DESCRIPTION
Electrical Lighting Retailer

Ref.JC020
Location Warwickshire (North)
Asking Price £ 32,500 plus SAV

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This family owned and managed business opportunity was established in 2003. 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 lends itself well to its position, with eye catching light fittings and chandeliers drawing attention both day and night. The shop has a retail counter and a large room behind, 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.

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.