INDUSTRY

Household Electronics

BUSINESS SUMMARY

Independent Electrical Retailer Domestic Appliance Sales, Service & Rental Confidentially offered for sale Ref No: AD011 Location: Midlands Town Centre Asking Price: £1,500,000 This business was founded in 1965 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become one of the UK’s largest independent electrical retailers with a superb reputation for the quality and variety of its products, brands, service and reliability. The business occupies prominent premises with glazed frontage offering high product visibility. The business retails most of the leading brands of sound and vision appliances, white goods, and an extensive collection of the most in demand electrical goods. The product range stretches across the spectrum from the traditional to the highly ultra-modern and contemporary. It is significant that this business has made such success of retailing products across the whole cost spectrum and delivers quickly to customers in the area. This success has been achieved and continues in the face of significant competition from the large multiples……………

	BUSINESS FINANCIALS
Asking Price: £1,500,000
	GENERAL COMPANY INFORMATION
Organization Structure: Headquarters/Main Location: Home Based Time on lease/mortgage: N/A Is Business Relocatable? No
	MARKET OUTLOOK/COMPETITION
The business has built up an excellent marketing base and promotes its services in the Yellow Pages, local press advertising, leaflets, brochures, and window posters. The business has a large repeat client base, and benefits extensively from word of mouth recommendation, the finest form of marketing. Further and more assertive advertising would expose the business to a much larger segment of the market.
	DETAILS ABOUT THE SALE
Support & Training The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. Reason for Selling Having spent the last forty years developing the business - and on the wrong side of 65 the Principal now seek a more leisurely lifestyle to enable him to indulge personal interests and passions. The Principal also recognises that the business could grow significantly by the influx of new marketing skills. Is Management Willing to Stay? No Are You An Intermediary? No