Asking price: £475,000

Sales revenue: £243,400

Net profit: £45,400

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is pleased to offer to the market this exceptionally well established and successful home appliance repairs and sales business.

Founded by our client over 30 years ago the business is only now being offered for sale personal reasons.
This popular retail business offers an extensive range of new and quality used domestic home appliances including:
• Fridge Freezers
• Dishwashers
• Washing Machines
• Tumble Dryers
• Vacuum Cleaners
• Cookers
• Microwaves
• Toasters & kettles, hairdryers, fans and phones.

Whilst the business has an extensive stock selection, should the customer require a different model or make, this can be supplied usually within 2-3 days.

The business also offers sales of accessories such as vacuum bags, batteries, extension leads and bulbs.

The business also provides home installation and after sales maintenance and repair service.

Most customers are within an approx 20 mile radius of the showroom with goods delivered from one of its 2 vans.

Advertising is predominately via yellow pages or in a local magazine, which is delivered free of charge to all local residents.

We are advised that stocks at cost are approximately £30,000.
REF: 9270MK

Employees: The business has 2 full time employees including the vendor

Trading hours: Mon –Fri: 9.00am – 5.30pm

Property: Freehold

Location
The business has an excellent trading location in the very heart of an affluent market town in Buckinghamshire.

They have a good sized private forecourt, which provides off road parking for approximately 5 vehicles.

There is also time limited free of charge on street parking all around the town centre.

Nearby towns included Milton Keynes, Bletchley Bicester Leighton Buzzard and Banbury.

The area is accessed via the A421, which is a feeder road which crosses from the M40 to the M1 motorway also the A5

Expansion potential
Although our client clearly has a successful and profitable business, it still offers excellent scope to increase sales and profits substantially by: 1. Opening on Saturday and Sundays – Due to our clients religious beliefs, he does not open on either of these days 2. Having a dedicated website - this could increase awareness and sales substantially 3. Offering commercial equipment sales in addition to the current domestic sales – this would open up a whole new market 4. Having arrangements with local letting agents, landlords and housing associations to offer both repairs and sales 5. Offering finance- in particular with commercial sales.

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