Electronics and Gadgets shop for sale In Hull

Summary:

• Proof of funds required
• Huge Potential
• Heavy Footfall Area
• Unique Opportunity
• Excellent Client Base
• Highly Rated
• Established Business
• Modern Interior Design
• All Fixtures and Fittings included

Business Description:

Silk Letting LTD are proud to present to the market a profitable electronics shop in Hull. This business has been providing its clients with quality services and selling products and services such as:

Phone Repairs

Wireless Chargers

Wireless Music Speakers

Phones

iPads

Computer Parts

Laptops and much more.

This business currently gains its clients from walk-ins, through its Facebook account and its website.

It has also managed to build up an excellent reputation with many 5-star reviews online to back this up. This gives the business a very strong look online.

With all fixtures and fittings included within the purchase of this business, it assists the new owner in an easy takeover.

Location and Amenities

Situated on a busy high street, this business is put in a prime location as it is an area which gathers a huge amount of traffic. With the surrounding of many local amenities and houses nearby, this all factors towards the heavy amount of footfall within the area which leads to the business bringing in a high amount of walking and passing trade.

As the business is also around a 5-minute walk away from the city’s stadium and close to a very popular park, this helps the area consistently generate a huge amount of traffic.

With plenty of bus stops spread throughout the road where the business is based, it makes it easily accessible for staff, customers, and the new owner if they do need to travel to the premises via car.

However, if public transport is not what suits you best, then you will be happy to hear that there are also plenty of parking bays along the side of the road and a car park behind the premises which gives ease of access to people who are travelling to the premises via car.

Growth Potential:

This business has already grown to success however, there is still room for a new owner to take this on to the next level.

For example, on the website the business does showcase the products that it offers however, it doesn’t give the client an option to purchase. Maybe this is because the business hasn’t launched a delivery service which creates room for a new owner to do so. Doing this makes it more convenient for customers who are browsing on the internet and see something that they like on the website, as they would just be able to click to have it delivered to their preferred location. A lot of potential customers may already see something that they like on the website but are unable to travel to the premises therefore, this creates the opportunity to maximise profits and revenue.

Another way in which this business can be expanded is by launching it onto different social media platforms such as Tik Tok and Instagram. By creating pages on these platforms, the business would be able to showcase its products on the platforms for clients to see. As social media has quite a big influence, it would help the business\'s social presence grow a lot and maybe bring in a lot of potential customers who are not from the local area, therefore, helping it reach out to a wider audience.

Financial Profile:

Tenure – Lease (Rents Property Only) – there are 3 years and 6 months remaining on the lease however it is open for renewal.

Turnover is available upon request.

Property:

This business is presented throughout one spacious floor which ensures that customers and staff can shop and work with ease and comfort. It consists of many shelves behind the till area and many glass drawers which showcase the products that the business sell.

It also consists of storage at the back which isn’t attached to the business floor however there is also an office which is attached.

Security Features:

This business is fully equipped with 6 CCTV cameras, electric shutters and an alarm system which ensures that the safety of the business is kept whilst attended to and unattended.

We advise our buyers not to miss out on this opportunity!

Fixtures and Fittings:

All fixtures and fittings are included in the purchase of this business making it ready for a new owner to get going right away

A full list of assets is available upon request.

Staff:

The business does currently employ 2 staff members who are willing to stay under new ownership. This gives the new owner an advantage as it gives them an already experienced and efficient team to work with. It also saves the new owner a lot of time as they would not need to waste time trying to find new staff and build a team up from scratch.

The business is currently open:

Monday – Saturday – 9:30 am – 5:00 pm

Reason for the business Sale:

The owner is currently selling the business due to other commitments which creates the perfect opportunity for a new owner to take over the ongoing success of this business.

A viewing of this business is highly recommended to appreciate its true value and the potential it has for any new owner.

VIEWING STRICTLY BY APPOINTMENT!

If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 507 9719.