Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Internet/online Retailer Of Domestic Appliance Spares & Accessories
LISTING DETAILS
Firms For Sale ID:
34517
Vendor reference:
AI040
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£200,000
Turnover / revenue:
£336,000
Net profit / cashflow:
£71,000
Years established:
46
Trading hours:
Website: 24/7
Retail Counter opening hours Monday to Friday 9am to 4pm.
Number of employees:
2
Employees / staffing:
The vendor works full time in the business as Managing Director and is responsible for sourcing products. The other shareholder/director works part time through choice and oversees the accounting and finance.
The vendor operates the business on his own with part time help from two other directors. It is the intention that two directors will retire following the sale.
OTHER DETAILS
Support and training:
Vendor will provide a comprehensive handover to ensure a seamless transition and continuity of trading,
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal leasehold premises that comprises a modern industrial warehouse unit with retail counter, portal frame building with secure fencing. Alarmed. There is the opportunity for development into a second mezzanine. The site is very prominent and has excellent access, being close to major roads and motorway network.
Current lease is for 5 years. Rent is circa GBP13,000 p.a. Rates circa GBP8,500 p.a.
BUSINESS DESCRIPTION
Internet/Online Retailer of Domestic Appliance
Spares & Accessories
Ref. AI040
Location : Merseyside /Relocatable
Asking Price : GBP200,000
This reputable and very well established independent business specialises in the online retail of domestic appliance spares and accessories. The business was originally set up back in the late 1970s as a traditional retailer and established a sterling reputation within the North West as a trusted, well stocked supplier of domestic appliance spares and consumables.
Whilst the business has developed into an online success, a part of the original business format has been maintained in that, whilst 95% of sales are online, the business still operates a retail counter where customers can come in and collect goods direct, whilst still benefitting from the online rates the business offers.
Due to its impressive growth over recent years the business has more recently relocated so it can carry the right levels of stock to serve its growing customer base. The company has invested in third party inventory and stock management controls to manage this growth effectively and profitably.
The customer base is huge, particularly the online base. The business enjoys impressive levels of repeat business from such online customers, mainly due its competetive prices, stock availability and speed of service. In addition to this many service engineers from across the North West frequently use the company as their supplier of spare parts for domestic appliances. The business also has a regular loyal customer base.
The business has a strong online presence and successfully retails through its own website and also across 2 major online portals Amazon and EBay feedback levels are very impressive and rising daily!
The company experiences very low return rates.
This online business is totally portable and scaleable. Its customer base, and supply chain for that matter, has grown year on year.
Expansion Potential
The business has expanded and enjoyed steady growth over recent years. Because of this the vendor has moved to new premises to allow for continued growth. This move has helped immensely and the business is currently enjoying unprecedented growth levels in the current year with sales and profitability forecast to double. The new owners opportunities are huge given the industrial space available for stock and the already strong foundations put in place. It is the vendors belief someone with contacts in the far east who is able to import directly could significantly increase margins still further and turn this business into a significant player within the online domestic appliances spares marketplace.
The business has widespread opportunities for further growth and development. There is a vast range of brands and products not currently stocked that would be superb additions to the business for increasing online and in store retail.
The infrastructure is in place for a new owner wishing to expand the business and take it through its next natural period of growth and increased profitability. There are many avenues to develop this.
Integration into an existing e-Commerce operation will also be straightforward.