Summary
- Asking price:
-
£250,000
- Sales revenue:
- £2,700,000
- Net profit:
- £230,000
- Years established:
- 2004
- Employees:
- 4
- Relocatable:
- This business can be relocated.
Business description
Established in 2004, currently selling consumer electronics inc. digital cameras, camcorders, lens, game consoles and related accessories on own online shop and Amazon/Ebay marketplace. Annual turnover is between £1.5-2.5 million, forecasted turnover in 2008 is £2.5-3 million.
Fully re-locatable.
Reason for sale: owner emigrates to aboard at middle of 2008.
Property information
- Property:
- Leasehold
- Lease terms:
- Rent 2 office in Britannia Business Centre in Luton, monthly rental at £600-£800+rate.
- Location:
- Business is in Britannia Business Centre in Luton, easy access from M1, junction 11. Fully re-locatable.
Other information
- Expansion potential:
- Currently sales channels inc. own online shop and Amazon marketplace, can grow business by selling on Ebay.co.uk and play.com. Estimated annual turnover on Ebay/Play is bewteen £1m-2 million.
- Competition / Market:
- Competition does exist with some established competitors. However, this is the fastest growing maket with fastest turn over, more this industry sector is one of the best for selling on the net.
- Support & training:
- 3-6 months training. 3 month full time (9-17.30), 3 month part time training (9-12.30)
- Reasons for selling:
- owner emigrates to aboard at middle of 2008
- Trading hours:
- 24 hours
- Financing available:
- please ask company accountant for details.
- Furniture / Fixtures value:
- £5,000
- Inventory / Stock value:
- £70,000