Electrical Goods Retailer For Sale

Business description

Bag a Business Ltd is delighted to offer for sale the Isle of Man's leading retailer of white goods. This highly regarded business boasts over 20 years trading history between the main retailing name of Pascoes and the sister company A B Electrics. It is the first choice retailer for domestic and commercial laundry equipment, refrigerators, dishwashers, smaller electrical appliances and spare parts. The business supplies, delivers and installs a large range of products, whch are backed up by a very efficient servicing department (A B Electrics). The company prides itself on stocking only the leading market brands, which include Siemens, Whirlpool, LG, Zanussi and Miele freestanding, for whom they are an exclusive stockist. The business is run by a team of 5 full time and 3 part time fully trained staff, as well as 1 service engineer and boasts an excellent reputation for its customer service, honesty, product knowledge and no pressure sales manner. In addition, Pascoes is also the island's service agent for Miele, Siemens and LG. Currently the business achieves a turnover in the region of £600,000 per annum.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 12 years
Remaining length: 5 years
Review: Every 3 years
Rent: £554 per week

Living accommodation:

PROPERTY DETAILS Large, detached showroom with 2 service workshops, parts store, smaller showroom and double warehouse facility. The premises are fully alarmed and fitted with security roller shutters throughout. GROUND FLOOR Main showroom displaying a full range of large appliances Manager's office Customer & staff W/Cs Kitchen area Exceptionally large, double height warehouse with side entrance for deliveries Fully equipped service department Fully shelved parts department Showroom for small appliances Ladies and gents W/Cs FIRST FLOOR Administration office Manager's/directors office EXTERNAL Large customer car park Terrace area to the front

Location:

Pascoes Ltd occupies a highly visible, roadside trading position within the heart of Cronkbourne Village in Douglas, Isle of Man. The purpose built showroom boasts two entrances, one to the front and one to the side which leads directly to the adjacent car park. It is exceptionally rare to find a showroom of this size, on the island, with such excellent storage and office facilities. Tromode Works is an area renowned for its mix of light industrial businesses and related companies. The area is accessed via the nearby A21 or A1 trunk roads, which lead directly into the centre of Douglas. Douglas has enjoyed massive investment in recent years and is now a thriving centre for business and residential developments.

Other information

Trading hours:

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

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.