Established Cash Register Business With Excellent Net Profits For Sale

Business description

We are pleased to have been instructed to offer to the market this extremely well established and profitable cash register business.

Founded over 20 years ago and in the hands of the present vendor for over 4 years. The business is only now being reluctantly offered for sale to enable him to pursue an alternative unrelated business venture.

The business sells, repairs and services a range of cash registers, epos systems, tills rolls, printers and scanners as well as a range of catering equipments which includes:
• Glass washers
• Dish washers
• Ice makers
• Coffee machines
• Detergents

Working predominantly within a 50 mile radius of Bristol, the business also has a nationwide network of dealers and engineers, who act on their behalf in those areas.

The vendor currently works alone in the business save for the sub contracted engineering. In year to December 2009, he achieved net annual sales circa £183,000 with a gross profit £89,235. Overheads are kept to a minimum resulting in excellent net profits. Indications are that the current year is at least equal to 2009.

The business has an excellent local reputation as it is in receipt of many word of mouth referrals from existing satisfied customers although the business does also advertise with Yell.com, local publications and the web.

We are advised that stock at cost is approximately £5,000.

Due to the style and nature of the business and its customer base, we feel it would be an ideal addition to an established epos company, which could amalgamate the turnover into its current operations and therefore maximise the profits.


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 broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Lease terms:

The premises are on a rolling 6 month lease at £600 per month inclusive of rates and electricity bills.

Location:

The business is currently operating from offices based in an upmarket town in Wiltshire, which is handily placed for access to the M4 and M5 motorways.

Premises details:

Currently operating from two ground floor offices within a mixed commercial / residential area.

One office is used as a stores area with the other a pure office.

There is a shared w/c.

Parking is free of charge on street for one hour, although there is plenty of all day parking nearby.

Business Operation

Expansion potential:

EXPANSION POTENTIAL
This is clearly already a successful business, it does however, still offer excellent scope to increase both turnover and profits by:
1. Employ a commission based salesman to find new markets and sales avenues
2. Employ an engineer to minimise the work which is currently sub contracted
3. Expand the core sales area

Trading hours:

Mon-Fri: 9am – 5pm
Extra required by customers