Asking price: £175,000

Sales revenue: £235,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This dynamic and well managed business offers an exciting opportunity for a new owner to take an already successful long established business with rising year on year turnover to a new higher level. Established 33 years ago, the business has been grown organically with a strong family influence stemming from many years of experience in the industry.

The company offers a repair and service operation for brown goods, and it also enjoys the enviable position of being the recommended service centre for several major household name brands. The company offers a virtually unique package of services and their renowned personal service has led to the company enjoying a status of high recommendation and extensive word of mouth referrals.

Employees: The company currently employs 4 full time staff, all having employment terms and conditions. The owner’s son has grown under the guidance of his father in terms of managerial potential and technical ability. He has also expressed a willingness to stay on and further develop his career under a new owner.

Trading hours: Monday – Friday: 9.00am – 6.00pm

Property: Leasehold

Lease terms
The company operates from two premises, one leasehold and one yearly rental industrial units, containing their workshops and offices. The units are in a small development of similar units just off a main frontage. The square footage is believed to be approximately 2,000, with rental value being approx. £10,000 per annum. The leases are believed to have 4 years remaining, with renewal being possible for new owners.

Location
Birmingham
The company operates from two premises, one leasehold and one yearly rental industrial units, containing their workshops and offices. The units are in a small development of similar units just off a main frontage. The square footage is believed to be approximately 2,000, with rental value being approx. £10,000 per annum.

Expansion potential
Although the business has been consistently profitable and indeed growing year on year, the owners feel that an injection of fresh enthusiasm and further new technology would unlock the door to even further growth and profitability.

Competition / Market
The company has developed and maintained an Internet website, but has never felt the need to advertise due to the endorsements that they carry, which automatically bring work to the company. The current owners do feel however, that a new owner may wish to re-visit a fresh marketing campaign.

Support & training
All necessary support and training would be available during handover as part of a successful sale package.

Reasons for selling
The owners have reached the point in life where some relaxation in semi-retirement would be welcome