Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Retail, Repair & Purchase Of Mobile Phones & Laptops, Sale Of Sim Cards
LISTING DETAILS
Firms For Sale ID:
33216
Vendor reference:
AD031
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£75,000
Turnover / revenue:
£70,000
Net profit / cashflow:
£25,000
Years established:
2007
Trading hours:
9am – 9pm seven days per week
Employees / staffing:
The business is owner run
OTHER DETAILS
Reason for selling:
Genuine retirement sale
Support and training:
The owner is happy to help with training the new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
This is a leasehold property with nine years remaining on a fifteen year lease. The annual rent is £14,870 per annum with rates of £950 per annum.
Living accommodation:
The property has a separate entrance to a 2-bed flat situated at the rear of the premises and producing an income of £9,600 per annum that is included in the takings.
BUSINESS DESCRIPTION
Retail, Repair & Purchase of Mobile Phones & Laptops, Sale of Sim Cards & Accessories - Money Transfer Agent - Plus Internet Cafe with 12 Computer Terminals
Ref.AD031
Location East London
Asking Price £ 75,000
Started in 2007 by the vendor this business is based in an Internet Cafe with shop front and has 12 computers for Internet use by the public, having high speed multi use internet connection, making this very popular with passing footfall.
The vendor also repairs and purchases mobile phones & laptops, sells sim phone cards and accessories and is a money transfer agent for Western Union and Moneygram.
The business attracts regular walk in trade due to the excellent reputation for the level of stock at competitive pricing, which places it above any local competition.
Market / Competition / Non-Competition Agreements
As just stated there had been no investment on advertising, leaflet drops etc., trading on word of mouth reputation only. Any input in this area should increase the profitability of the business.