Sold. Domestic Household Appliance Retailer – White Goods And Electrical Merchandise

Domestic Household Appliance Retailer – White Goods and Electrical Merchandise

Ref.AD022
Location Kent
Asking Price £ 255,000 plus Stock at Valuation

Established in 1994, with a highly desirable town centre location, this business has grown to become the number one domestic household white goods and electrical appliance retailer in the area. With no local competition, the retail and repair sides of this business compliment each other perfectly.

The current owner has made it a priority of the business to provide service levels above and beyond what would be expected from larger less personal retail chains. Prompt delivery also ensures both customer satisfaction resulting in plenty of repeat business and numerous referrals resulting in additional sales.

The owner is involved in the local chamber of commerce and the business also benefits from membership of The Electrical Retailer Association. A key factor in the success of this business is the extensive range of stock that means clients can get what they want, when they want. The nearby storage facility allows for this key ingredient and helps see off competition elsewhere in the county.

Located in an affluent part of Kent this company has built up an enviable level of customer loyalty and with the latest accounts confirming annual turnover of over £450,000 and a gross profit of approximately 25%, this business provides an outstanding opportunity for an existing retailer or for any buyer looking to purchase a ready made successful business in a lovely location.

Expansion Potential
There is an immediate opportunity to increase sales by adding new products to the retail side of the business. Greater focus on online advertising and potential for web sales would take the business to another level. Increased opening hours are also likely to deliver higher turnover.