Asking price: £125,000

Sales revenue: £100,000

Net profit: £40,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established three years ago, the business sells and repairs mobile telecomunications. They supply brand names such as O2, Orange, T.Mobile and Vodaphone to mainly private customers.

The retail shop stocks many top brands of phones, including, Motorola, Samsung, Sony Ericsson, Nokia and Siemens.

The business offers a range of telecomunication products and services and have connected hundreds of active customers. Services include, contract phones, pay as you go, landline phones, repairs and unlocking, International calling cards and card top ups.

The busines operates from a high street location on Tyneside and benefits from a large residential area nearby, producing a large footfall of local passing customers. Customers often call in just to get some valuable advice as to the right kind of tariff, which would suit them, or the correct phone for their needs.

Equipment:

All necessary equipment that would be needed to carry out repairs on mobile phones would be included in the sale of the business, together with all fixtures and fittings.

Employees: Assisting the owner there is one part time shop assistant

Trading hours: Monday – Saturday 9.00am – 5.30pm

Relocatable: This business can be relocated.

Location
The shop is located in a busy suburb on Tyneside and comprises of a retail shop area with reception & counter. A repair workshop is located at the rear of the premises along with two storerooms and a kitchen and toilet.

On the first floor there are a further three offices and the second floor contains an unfurnished flat, which can be used as the new owners accommodation or rented for extra income.

Rent is circa £12,400 per annum and rates are circa £1,300 per annum

Expansion potential
The market for these products continues to grow and shows no sign of declining. With new technology being constantly produced, the future for this industry is bright The owner of the business sub lets the top floor flat of the premises. This could be used as living accommodation for new owners or can be rented out, bringing in extra revenue.

Support & training
The owner will be happy to help with a smooth handover and provide training

Reasons for selling
The owner wishes to pursue a new business interest