Thriving Electrical Suppliers In Coventry For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £130,000 with a net profit of £50,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wants to re-locate.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides electrical products.

History
Phoenix Business Transfer Agents are delighted to place onto the market this electrical store which has been established since 2008. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to re-location.

Services
This very good business opportunity provides electrical products for households.

Staffing
The concern employs 1 full time sales person and self employed technicians. The wages are £10,000.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of local residents.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more products.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £130,000 with a gross profit of 50% and a net profit of £50,000. The wages are £10,000The present value of the stock is £12,000.
Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Location:

- Situated in the Stoke area of Coventry in the west Midlands
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby with lots of other units.
- Surrounded by densely populated residential area with schools and other local amenities.
- Commercially thriving area.
- 1 Mile from the town centre.
- Area enjoying much growth and regeneration.
- A lifestyle area.

Premises details:

This property is a large warehouse approximately 3150 sq feet for storage and display. It is of steel and block construction.

Size in square feet:

3150sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more products.

Competition / Market:

There is no local competition.

Reasons for selling:

due to re-location.

Trading hours:

Monday to Saturday: 09.00am - 6.00pm.
Sunday: Car Boot Sale Day

Employees:

The concern employs 1 full time sales person and self employed technicians. The wages are £10,000.

Years established:

3years

Other information

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£12,000