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Sold. Mobility Equipment Retailer Walkers, Mobility Scooters & Stair Lifts Wheelchairs, Access Equipme

LISTING DETAILS
Firms For Sale ID:
34640
Vendor reference:
GN012
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£75,000  
Turnover / revenue:
£383,225
Net profit / cashflow:
£30,286
Years established:
1999
Trading hours:
Monday Friday: 09:30am 05:00pm Saturday: Store 1- 09:30am 04:00pm Saturday: Store 2- 10:00am 03:00pm
Number of employees:
4
Employees / staffing:
The owner runs the business supported by 4 part time sales staff.

OTHER DETAILS
Reason for selling:
The owner is now looking at semi-retirement.
Support and training:
The vendor will offer to the new owners a full and comprehensive training and hand over program to facilitate a smooth transfer and continued growth of the company.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
There are two leasehold premises, both on renewable leases one has 3 years and one has 4 years remaining. Store 1: The annual rent is GBP 9,000 The showroom is circa 600 sq. ft. Store 2: The annual rent is GBP 12,000 The double fronted shop premises is over two floors of circa 800 sq. Both stores are secure with one having the additional security of CCTV cameras.
 
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BUSINESS DESCRIPTION
Mobility Equipment Retailer
Two Locations
Walkers, Mobility Scooters & Stair lifts
Wheelchairs, Access Equipment and Mobility Aids
Ref. GN012
Location : Kent
Asking Price : 75,000 + SAV
Established for 20 years, this is a family run business that retails a wide range of mobility equipment including mobility scooters, walking aids, wheelcharis, stairlifts, recliner chairs, bathlifts plus ancillary products and accessories, all of which are displayed and sold direct to the public across Kent and the South East from the two retail showrooms.
The business is well respected within its field and offers to its client base quality products at competitive prices. This is a major point of success for the business as it remains one of the very few true independent suppliers, enabling the business to offer quality throughout and cater for the full needs of the individual client.
The business 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 to their clients securing high levels of loyalty and repeat business hence the year on year growth figures the business has produced.
The location of the business has had a large bearing on the business success as a good percentage of the demographic of the city are retired or elderly. The business has skilfully tapped into this increasing market, and this now shows in the upward trend of the revenue, and profits of the business.

Expansion Potential
The current market for this business s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

With the management systems and product mix in place there is a high degree of repeat business, giving substantial returns, and a solid base in which to build upon.

Growth and new revenue streams can be achieved by the roll out of this already successful business model, to new retail outlets, and a greater presence on the web.

The business is fully independent offering and a one stop shop for all client needs and has a solid database of clients to build upon. The business is considered by its suppliers to be of a significant size, to achieve discounted buying levels.

Market / Competition / Non-Competition Agreements
The business advertises in local papers and on Yell.com. with word of mouth recommendations producing high levels of both new and repeat custom. There are strong development opportunities available through investment in updating the website to a more modern and bespoke web presence to include online sales.