Freehold DVD Hire & Games & DVD Sales Business For Sale

Business description

Established over 20 years ago this thriving business has a massive range of titles to rent, from the latest, greatest new releases, to classics from the past, Bollywood, TV, thrillers and much more. In fact films for every occasion and something for all the family.

As well as hire of DVD’s and games the business also sells DVD’s, games, machines, accessories and equipment. They are agents for Amazon and have a row of computers with internet access for the general public at realistic rates.

The sale includes not only this lucrative business but also includes the freehold of the shop and a flat above and the freehold for another two flats above, both let on leasehold and generating ground rent per year. They also pay service and insurance costs and fees to the owner on a yearly basis.

The business is almost entirely staff run with the owner making occasional appearances as required, for overall running and banking etc.

This lucrative business would suit an investor purchasing the freehold and a business that provides a profit of circa £35,000 per annum, or an individual wishing to own and run a business. Such an owner could greatly increase the amount of profit earned by reducing staff numbers and running the business in a more hands on fashion.

The owner is prepared consider sale of the freehold only, if required and would also be prepared to continue renting while a suitable tenant was sought if the buyer was purchasing to rent out the premises. Alternatively freehold could be purchased as an empty unit for suitable change of use.

Customer Service:

This business believes its customers should experience highly rewarding levels of satisfaction each and every time they deal with the company. This level of satisfaction is fuelled by the superb range of products and services being provided, backed up by a truly professional yet friendly, level of service.

Key Strengths:

Set in a busy and prominent location this business is built on solid foundations this business has an excellent reputation for friendly and helpful service and excellent ranges of products. The current owner has achieved this by hard work and has an established, yet diverse, customer base, which is growing year on year through word of mouth recommendations and ongoing referrals. Not surprisingly this business can claim high levels of customer satisfaction.

Key Opportunities:

Maintaining an extensive base of satisfied customers who appreciate the business’s superior services there are many excellent avenues for growth, especially with additional product ranges being introduced and a more closely managed and run business, combined with with a more holistic approach to business and customer generation.

Online rentals and sales is another area that the business could invest in for greater turnover and profits.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

This business is currently fully staff run and is still producing net profits circa £35,000 for the owner. With an owner operator this figure could be greatly increased as staff could be reduced and a hands on owner would undoubtedly increase revenues in both the short and long term.

Property information

Property:

Freehold

Location:

This is a substantial property with a fully fitted and well designed interior layout and with glass double fronted exterior, located on a busy main road with heavy passing traffic and footfall. There is ample on road parking available and the location and property should be viewed to appreciate the full value. There is also one flat owned with shop plus another two flats above, both let on leasehold and generating ground rent per year. They also pay service and insurance costs and fees to the owner on a yearly basis.

Other information

Expansion potential:

The current market for this business is growing and is forecast to continuing growing. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium. A professionally designed website could allow potential customers to view the extensive range of brand name carpets on offer, and give excellent potential to increase the turnover in the future. Having been established over 20 years this business does nothing by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its unique, high quality service. Again a more cohesive approach to marketing and advertising would undoubtedly produce significant results.

Support & training:

The owner will provide a handover period and is happy to provide ongoing support, if required and as agreed, thereafter.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday – Sunday 11.00 – 9.30