Asking price: £40,000

Sales revenue: £78,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this well established business with excellent further potential.

Established 5 years ago by the vendor, it is now reluctantly offered for sale due to the vendors plans to relocate to Birmingham.

The business benefits from multiple income streams including the sales and installation of satellite television systems with installation being sub contracted. Our client sells videos, TVs, audio and mobile phone equipment and also deals in repairs.

Both new and refurbished items are sold, with the split being approximately 60% new to 40% refurbished.

The premises have been decorated to a very good standard by the vendor and due to its location the vendor has not seen a need to advertise on a regular basis, with the marketing of the business consisting of occasional leaflet distribution and local ad mag with a website currently under construction.

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Employees: Currently staffed by the vendor on a part time basis plus 1 full time and 1 part time member of staff,

Trading hours: Mon – Sat: 10.00am – 7.00pm

Property: Leasehold

Lease terms
TENURE: Ongoing rental with a new lease available from the landlord Rent: £5,400 per annum We are advised that the annual business rates are currently: £950

Living accomodation
BUSINESS PREMISES An attractive and well decorated modern retail unit in a parade of shops with the added security of alarm and roller shutter door and consisting of the following:: Ground Floor - Glass fronted with 2 display windows with central entrance door leading to - Main sales area with display shelving and serving counter to side and rear - Archway to rear of counter leading to workshop - Laminate flooring throughout the premises including workshop and sales area - w/c accessed from workshop External - paved to road at front

Location
The business occupies a prime location in a busy parade of shops within a densely populated area of the city of Sheffield. Adjacent to the premises is a cross road of 3 main roads providing high visibility to a high volume of passing traffic.

There are excellent parking facilities with on street parking to the side street of the premises.

Expansion potential
There is excellent potential for growth and expansion including further marketing of the business to draw customers from the wider area rather than the immediate locality of the premises.

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