Mobile Phone Company Based in Midlands For Sale - Nottingham, Nottinghamshire, United Kingdom

Asking price: £49,500

Sales revenue: £81,000

Fixtures value: £NaN

Inventory value: £12,000

Business description: Hello Mobiles is a mobile phone company which is based in Nottingham. We currently trade from retail premises and we also have an Ebay shop. The services that we offer are: Mobile Phone Contracts for Three and Orange Networks, Sale of new and used handsets in store and online, Wide range of accessories, Unlocking, Repair Services and Internet cafe with full facility. Our retail premises are located on A60 Mansfield road. This is a busy route in and out of Nottingham City Centre. We are located next to the Cooperative supermarket, busy takeaway, Lidl, number of schools, nurseries, college, hotels, pubs and various other shops. The size of the premises is 69 square meters. The initial lease is for 3 years with an option to renew or possibly buy, the landlord is Nottingham City Council. There are no main competitors located nearby. Over the last 18 months we have built up a loyal customer base with minimum spent on advertising The premises have been refurbished in the last 3 months and new signage added. The business has a good brand name, excellent business model and good basis for expansion.

Years established: 2 years

Employees: 4

Trading hours: Mon-Sat 10AM-7PM

Relocatable: This business can be relocated.

Property : Leasehold

Lease terms: Initial 3 year lease with option to renew or possibility to buy, landlord is Nottingham city council.

Location: The shop is located on A60 Mansfield road. This is a busy route in and out of Nottingham city centre. We are located next to the co-operative supermarket, busy fish & chips shop, Lidl, number of schools, nurseries, college, hotels, pubs and various other shops.

Expansion potential: The opportunity for expansion depends on the new owner. The business model is such that it can be easly implemented with new stores. There is also an opportunity to do connections for business customers. We have a strong brand name, "hello mobiles" which is easily remembered and known in Nottingham area.

Competition / Market: There are no main competitors located nearby. Over the last 18 months we have built up a loyal customer base with minimum spent on advertising.

Support & training: The buyer would be given 8 weeks of hands on training on all aspects of business, ranging from dealing with suppliers to sale techniques.

Reasons for selling: The reason for selling is to raise finance for new business.