Established Electrical Appliance Repair Business for Sale in Stoke on Trent, Staffordshire
Undisclosed, Staffordshire
- Status
FOR SALE
- Date Submitted:
06/07/22
- Advert ID
298385
- Reference
B06964 / Rightbiz
- Call Agent:
- Asking Price: £99,995
- Turnover: £152,732 (£2,937 Per week)
- Net Profit: £36,376 (24% Profit margin)
Business Details
Well Established Domestic Appliances Repairs And Retailer for sale
BusinessPlease quote reference B06964
CoGoGo welcomes to the market an exciting opportunity to acquire (on a business only basis) an exceptionally well run and thriving domestic appliance business that deals with repairs and sales and are service engineers.
The Appliance group has been under the careful and meticulous ownership of our client since 1995, building up an enviable reputation within the sector and a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client wishing to leave the industry after many successful years of trading as they look to take well-earned retirement in the near future.
The business offers services for the sales and installation of domestic and some commercial appliances, and also repair and supply spare parts for all appliances. To date the company has serviced almost 13,000 addresses, their clients include some of the largest Letting Agencies in their coverage area as well as smaller independent ones with over a dozen agencies contracted to them.
They are the sole provider of repairs and sales of domestic and commercial appliances to a large care home chain of which there are a number in and around Stoke-on-Trent and Newcastle under Lyme as well as other care homes, some with multiple sites.
The business is also the sole provider for local city council schools in repairing the washing machines situated in school kitchens and replacing those machines as necessary. They do very little in the way of marketing the business but do have excellent website presence, the business is continually growing based on the strength of their service relationship with existing clients who consistently recommend their services to others.
The business prides itself on customer service and being easily contactable as well as having an honest approach when visiting the customers premises and advising on repair or replacement.
All appliances are catered for whether built-in or freestanding and, for new appliances they offer a no-nonsense single price which includes delivery, installation, removal of the old appliance and packaging and then testing the appliance and showing the customer how to use it.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with the introduction of some further products and appliances.
There is so much potential for growth in the business. The business currently receives daily enquiries for repairs services to refrigeration and gas appliances, but the work is being passed to others. The new buyer could easily carry out the work in-house.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, with the current owner happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.
Location
The business is currently located in Stoke on Trent and covers the following areas, ST1 to ST21 and South Cheshire from CW1 to CW12 with Coverage including areas from Junction 12 to junction 20 on the M6 motorway.
Due to the nature of the sale on a business only basis, it could easily be relocated to any of the surrounding areas to maintain service coverage.
Premises
Business benefits from being relocatable.
Tenure
We are advised that this opportunity is being sold on a Business Only basis.
Hours
Due to the nature of the business, it trades all year round.
Staff
We are advised that the business has 2 full-time members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £152,000. Further financials can be made available upon further request.
Please quote reference B06964
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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