Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Retailer Of Mobility Equipment Wheelchairs&scooters

LISTING DETAILS
Firms For Sale ID:
33690
Vendor reference:
AI035
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£50,000  
Turnover / revenue:
£180,000
Net profit / cashflow:
£20,000
Years established:
52
Trading hours:
Monday to Friday: 9am -5pm Saturday and Evenings by appointment
Number of employees:
3
Employees / staffing:
The vendor works in the business and is ably assisted by a manager and a sales and service technician.

OTHER DETAILS
Reason for selling:
The business is offered to market as after many successful years the vendor has now decided to retire.
Support and training:
The owner would be happy to help in any way possible to assist in a smooth transfer of the business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Retailer of Mobility Equipment
Wheelchairs&Scooters plus awiderange of portable folding access ramps, bath lifts, stair lifts, crutches, walking frames and rise/recliner chairs along with a service department
Ref.AI035
Location Essex
Asking Price GBP 50,000
Established by the vendor in 1962 this company has grown organically to become a well established retailer with many years of experience in providing mobility scooters, wheelchairs and a wide range of mobility equipment. The products include small, medium and large scooters in addition to portable folding access ramps, bath lifts, stair lifts, crutches and walking frames plus new and reconditioned wheelchairs and rise/recliner chairs.A wide range of stock is carried and also displayed in the showroom and there is a valuable service department that offers servicing of all the above plus spare parts.

The business has gained a great deal of collective knowledge from the early days and is a highly knowledgeable organisation, offering not only supply and repair services, but also skilled advice on mobility products and their usage. This has proved to be invaluable in securing a high level of loyalty and repeat business to local authorities, healthcare and charitable organisations.The business is well respected within its field for quality products at competitive prices catering for the full needs of the individual client.

This opportunity offers plenty of potential for the future with good cash flow, easy to run and as our national population changes and gets older this is virtually a recession proof business with excellent prospects for growth.

Expansion Potential
With an excellent product mix and customer service in place there is a high degree of repeat business. Expanding the internet sales from its present listings of second hand equipment to include new equipment could improve returns as the vendor does not have the time or expertise to do so, but realises the potential.

Growth and new revenue streams can be achieved by tapping into this increasing market, and this could reverse the revenue and profits of the business to an upward trend.

Market / Competition / Non-Competition Agreements
The company advertises regularly in all the local papers including Essex Country Life, Brentwood Gazette, Romford Record, Rotary Magazine plus the Essex Chronicle. The business also has a company website and brochures to showcase all the products and services. Direct mailings are undertaken to the clients on the database.

They also benefit tremendously from word of mouth recommendations that produce both new and repeat custom.