Quality Home Entertainment Products For Sale

Business description

Renowned Franchised Retailer of Highest Quality Home Entertainment Products

This established franchised business was founded 2 years ago by the vendor and retails an unrivalled and extensive range of the highest quality home entertainment products, including Hi-fi and Home Cinema from the world’s most famous and respected brands; all supported by the skills and excellent advice from the business’s helpful and knowledgeable staff.
The business has grown and developed as the home entertainment sector has changed, which has expanded quite dramatically over the last five to ten years particularly with the introduction of multi-room and home cinema systems.
The establishment of the business was through the hi-fi market which is still very important and a mainstay for the business, the serious home cinema market has been shown to appeal to a much wider audience within the expanding market sector.
The franchiser’s advertising and promotional efforts have successfully attracted and continue to consolidate this wider audience for the benefit of all franchisees - home cinema now accounts for more than two-thirds of business.
The business also has superb demonstration facilities which are soundproofed and acoustically designed in pleasant and comfortable surroundings, helping customers make the best decision from its range of premium products – offered at competitive prices, with full home installation services and flawless after sales service.
The demonstration room is designed to show how modern high performance audio visual electronics and hi-fi can be successfully integrated into the home environment.

The Franchise
The franchise was founded over thirty years ago as a specialist independent Hi-fi retailer in the south east of England and during the 1970s and 1980s the company opened ten further stores. The full franchise offering was launched in 1995 and today the community of franchisees boasts forty-nine franchised stores nationwide.
A positive sign of the successful business formula is that several franchisees have opened second branches and one has opened a further three.
The business has established an extensive customer base of loyal customers and is very efficiently run.

The benefits of this franchise membership include:
• A proven profitable business established for more than thirty years
• The most respected name in hi-fi, video and home cinema retailing
• National advertising and public relations budget in excess of £1.5 million annually

• Full training and continuous head-office support
• Constant research of new products and technology
• Non reliance on any one manufacturer

Customer Service

A high standard of customer service is a main concern for this business and has enhanced the excellent reputation the business has developed in the local community. Customers are the top priority and the knowledgeable and experienced staff are always happy to help, offering helpful advice whenever required.

Key Strengths

The company strength is founded on its relationship with a proven national franchise organisation and consistence of retaining a high level of repeat business. Very well known locally, the very recently refurbished store is smart and eye-catching and provides attractive premises for the business. It is ideally situated in an excellent trading position on a busy main road, offering high visibility and generating excellent footfall. The business is always well stocked with a comprehensive variety of highest quality brands presented in attractive settings providing the fullest context for choice options and showing products to their best.

The company is proud of its excellent reputation and dedicated customer care, which are a result of the company’s skilled committed staff, and quality control over its products and services.

Property information

Location:

These double fronted premises are located in an established high street position in a thriving, lively and friendly West London community. The showroom is in a highly visible position and has excellent window displays that welcome customers in to browse. The store is approximately 1,600 square feet with showroom space, demonstration room, useful storage room and administration office. The premises are secure with in-store CCTV installed.

The premises are leasehold with 3 years remaining on a 5 year lease, with rent payable of £32,000 per annum and rates of £16,000 and is renewable.

Business hours are Monday to Saturday, 9.30am to 5.30pm.

Other information

Expansion potential:

The business could expand by opening other stores in satellite locations and by continuing consolidation of use of the Internet as a marketing tool. New owners will be perfectly positioned to take full advantage of the excellent foundations that have been laid for the continuing success of this business.

Competition / Market:

The franchise organisation invests significantly in advertising and marketing with the business committing to the Yellow pages, Yell.com, the local press and word of mouth recommendation, all of which are used to advertise and market this business. There is vast scope to generate further income by expanding the current methods of advertising. The company has the benefit of a comprehensive and highly attractive website detailing products and services, which generates a large amount of customer interest and has excellent potential to increase turnover in the future.

Support & training:

The vendor is available for a full business familiarisation and training period

Reasons for selling:

The business is for sale as a result of the vendor’s wish to concentrate on other business interests.