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Finance And Services:

Business For Sale. Retailer & Online Sales Of Radio/remote Controlled Models/toys

LISTING DETAILS
Firms For Sale ID:
34761
Vendor reference:
AH153
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£175,000  
Turnover / revenue:
£308,092
Net profit / cashflow:
£16,136
Years established:
7
Trading hours:
Monday, Tuesday, Friday and Saturday: 9am 5pm Thursday: 9am 6pm Wednesday and Sunday: Closed
Number of employees:
2
Employees / staffing:
The owner is responsible for the day to day running of the business supported by one full time Sales/Repairs manager, together with one additional sales assistant employed on Saturdays.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The vendor is happy to provide support and training for a negotiated period of time, if required.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are circa 900 sq. ft. with a mezzanine and workshop area. The building is leasehold on a rolling basis with an annual rent of GBP 5,400 and zero rated rates.
 
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BUSINESS DESCRIPTION
Retailer & Online Sales of Radio/Remote Controlled Models/Toys
Ref. AH153
Location : Essex
Asking Price : GBP 175,000
Established in 2010, this business is both a shop and online retailer of remote controlled scaled models, dealing with repairs and all aspects of model making, (models, art supplies, parts etc.).

The business retails radio controlled models for all ages, plus all the necessary accessories and parts that customers request. The shop and online site has created a bit of a niche in the market specialising in these products of which is has a large and varied stock ( circa GBP 200k) plus excellent spare parts selection.

The customer demographic is the upper end of the market and the models are sold worldwide.

This is a rare opportuntiy to aquire an established and reputable business that has built up an enviable reputation for supplying high quality and in-demand remote controlled models with superb after sales service.

Expansion Potential
There is an opportunity to build on the existing business levels and customer base of this company. Sales are generated from the Internet and in store and a new owner contributing fresh ideas, enthusiasm and motivation will have every advantage of building on an excellent platform.

The store has the possibility of extending the opening hours by including Wednesday and Sunday into its sales week.

The business could expand the internet sales division, whilst this business has an ever improving e commerce side to the business there can be no doubt that greater investment in search engine optimisation techniques to keep the sites presence in all search engine listings would drive turnover even higher.

Market / Competition / Non-Competition Agreements
The company website gives valuable levels of exposure and generates significant sales opportunities showcasing the models and products on offer. In 2017 the business started Google Search engine optimisation for shopping searches.

The business currently uses the social media site Facebook for marketing and also advertises in yellow pages, at local shows, in model magazines and on industry related websites.