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

Sold. Electrical Contractor & Specialist Audio Visual/tv/white Goods Retailer

LISTING DETAILS
Firms For Sale ID:
33779
Vendor reference:
GK260
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£120,000  
Turnover / revenue:
£500,000
Net profit / cashflow:
Undisclosed
Years established:
70
Trading hours:
Monday- Friday: 08:30-17:30 Saturday: 09:00-17:00
Number of employees:
5
Employees / staffing:
The vendor works part time in the business (4 mornings a week) and another family member works full time overseeing the operation. The business employs a Retail Manager, TV Engineer and 2 Electricians all on a full time basis as well as a part time administrator.

OTHER DETAILS
Reason for selling:
The vendor is looking to retire.
Support and training:
The vendor will provide a comprehensive support and handover period to ensure a seamless transition of ownership. This should be a relatively simple process as the business has excellent systems and staff in place
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
 
 
 
Image Not Found
BUSINESS DESCRIPTION
Electrical Contractor & Specialist Audio Visual/TV/White Goods Retailer
NICEIC Installer/Specialist Dealer & Service Centre
Ref.GK260
Location Cheshire
Asking Price GBP 120,000
An opportunity to purchase a rather unique business that operates in both the retail and commercial market place, benefiting from multiple revenue streams and exclusive supplier agreements that it has had in place for many years.

This family run business has been successfully trading in the centre of this affluent town for almost 70 years and has built up a sterling reputation in the area, and a loyal customer base, who appreciate the high quality products and superior service levels and installations this company provides.

The business has 3 core revenue streams.

Retail sales of leading brand Audio Visual, TV, Satellite and other white goods
Domestic Installation of such equipment and other domestic electrical installations (NICEIC Domestic Installer)
Electrical contracting and installation services (B2B)-NICEIC Approved Contractor

The mix of business has changed over the years and currently the retail and installation of retail equipment, makes up approximately 70% of total revenues, with the other 30% coming from commercial works. Previously the contracting work has made up a larger proportion of the business, however some of the clients the business has historically worked with have changed their strategies with regards to the upkeep of their own commercial premises, this has led to a drop in this sector (company turnover has been as high as GBP1Million per annum previously, with contracting work making up circa GBP500,000 of this).