Hitchin One Stop Computer Shop For Sale

Business description

Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Very favorable rent and rates.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £170,000 with a net profit of £20,000 (see financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this One Stop Computer Shop which has been established since 1996. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to wanting to pursue other business interests.

Services
This very good business opportunity provides the sale of new and used computers, laptops, supplier of software, peripherals and accessories. Service and repairs of PC’s and laptops.

Staffing
The concern employs two staff. One is full time and one is part time. The total wage bill is £23,013 pa. All staff would stay on after a sale.

Owners Role
The owner’s role is hands-on and he works six days a week.

Marketing
The owner markets the business in Google Adwords and has a website.


Competition
As far as competition is concerned there is very little within a 15 mile radius.

Market
The client base consists of 70% private and 30% commercial

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the product lines using Drop Shipping on the website.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Target larger companies and develop the commercial customers.
• With an enhanced website.

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.

Property Details
The property is terraced and is part of a parade of shops and is approximately 15 x 4 meters. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

Ground Floor
On the first floor there is a spacious shop floor with a sizable office at the rear.

Basement
In the basement there is a very well equipped repair and service workshop which is also used for training sessions.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.

Financial Details
The present turnover is £172,000 per year with a gross profit of £84,800 and a net profit of £20,000. The wages are £23,013 pa. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £220,000 given the changes that are required to be made to the business. 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 4 years with 2 years remaining. The rent is £12,750 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £522 pa.

Leasehold rent:

£12,750 pa per annum

Location:

- Situated in town centre area of Hitchin in Hertfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A1 (M), A505 and A602 with good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 15 x 4 meters. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

Ground Floor
On the first floor there is a spacious shop floor with a sizable office at the rear.

Basement
In the basement there is a very well equipped repair and service workshop which is also used for training sessions.

Size in square feet:

15 x 4 meters

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 including local and internet advertising.
• Increasing the product lines using Drop Shipping on the website.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Target larger companies and develop the commercial customers.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is very little within a 15 mile radius.

Reasons for selling:

Owner wishes to sell due to wanting to pursue other business interests.

Trading hours:

The concern employs two staff. One is full time and one is part time. The total wage bill is £23,013 pa. All staff would stay on after a sale.

Employees:

2

Years established:

14 years

Other information

Support & training:

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.

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£5,000

Home based:

This business can be run from home.