Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Very Well Established, Profitable And Prominent Domestic Appliances High Street Retailer

LISTING DETAILS
Firms For Sale ID:
34478
Vendor reference:
AI039
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£120,000  
Turnover / revenue:
£840,000
Net profit / cashflow:
Undisclosed
Years established:
1991
Number of employees:
3
Employees / staffing:
The vendor works within the business full time with frequent time away and employs the following personnel: 1- Full Time Delivery Driver & Installer 1- Full time Delivery Driver & Trainee Installer 1- Full time Retail Sales Manager

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
The owner will provide all necessary training and handover to allow continuity of trading and a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Very Well Established Profitable and Prominent Domestic
Appliances High Street Retailer
Ref. AI039
Location Dorking
Asking Price GBP120000
This very well known and profitable retail business for domestic appliances was formed by the vendor over 25 years ago in the Town of Dorking in Surrey. Since that time it has grown significantly and is well known locally for its first class service and great value for money.
The aims of the business are simple to ensure that every customer who purchases from them is 100% satisfied with their service ensuring that they will return should the need ever arise to replace another appliance.
The Vendor and his staff are proud of the fact that the best advert for the company is word of mouth and in this time of increased competition strives to maintain its offer of personal and attentive first class service.
They are proud suppliers of Bosch Siemens Miele Neff Liebherr Electrolux Zanussi AEG and many others.
The company provides added value services including free local delivery by their own well maintained vehicles and free standard connection on all Free Standing Washing Machines Dishwashers Electric Ovens and Tumble Dryers.
They are happy to quote for installation of integrated appliances by one of their professional fitters and also for the installation of gas appliances.
The business hates to lose a sale and will always be competitive on price and is always happy to offer a competitive quote.
This business is a member of the popular and well known Euronics network Euronics International Ltd. is an international association of over 11000 independent electrical retailers in 30 countries and it functions as Europe s largest electrical buying group on behalf of its members.
Quality of product personal service and after sales care have been the key to the success of this business and something the current owner takes particular pride in. All customers are treated individually.
The business enjoys a considerable repeat client base and an enviable reputation which brings referral work in on almost a daily basis from this affluent area of high net worth residents. It has established a reputation for quality products and superior customer service with free technical support and advice. This business covers the profitable mid top end market and enjoys a high numbers of referrals.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The vendor is an enthusiastic successful retailer and he is supported by equally motivated highly skilled and knowledgeable staff.
This excellent business is a turnkey operation that is ready to go.

Expansion Potential
The business has enjoyed steady growth since inception and is well positioned to take maximum advantage of future growth as it occurs. Further increase in sales could be achieved by developing the potential that lies within the Euronics relationship and which is under exploited by the vendor.

Adopting a more pro-active approach to advertising and marketing could greatly improve turnover and profits. Being a retailer in such a prominent location in the centre of Dorking is a definite advantage over any competition.

Market / Competition / Non-Competition Agreements
The business currently undertakes a limited level of advertising via local goodwill gestures such as local charity, school or church magazines. It also has the benefit of its company listing and description as part of the Euronics marketing activities. There are excellent opportunities to increase this and to develop a new website to market the business more aggressively.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.