Complete Business Electrical Retailer Electrical Contractor Online Retailer | | Chelmsford Essex | | This business really is the one stop electrical shop offering it's customers the ability to purchase lighting, heating and electrical goods as well as domestic and commercial electrical contracting. It has also recently opened its lighting web shop. Lease to let or rent Complete Business Electrical Retailer Electrical Contractor Online Retailer is located in Essex. | | ADVERT NUMBER : 54376
ADVERT IMPRESSIONS : 9,848 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Private Sale | ASKING PRICE: | £400000 | ANNUAL RENT: | £18000 | | | | | BUSINESS DETAILS: | Business originally established 99 years ago and was bought from original owners in early 2007. Reason for sale is due to current business owner ill health. The past two years during resession have seen the business consolidate and invest profits into major business improvements including showroom renovation. The business owner at the same time has been able to draw a good income from the business. The business carries a large amount of good will within the region due to its high profile and this has enabled it to trade through the worst period of the resession 2009 with limited marketing. In 2010 the business has taken huge steps forward with the introduction of it's webshop, the refurbishment of its showroom and improved marketing strategies and is now despite the current climate showing signs of growth. Prior to the resession the business turnover was in 2008 in the region of £750, 000 with the vast amount of this being in contracting (only £25, 000 retail).
In 2009 - 2010 this dropped to £290, 000 due to the collapse of the construction industry(retail sales now £63, 000). 2010 - 2011 are looking on target to come in at £360, 000 (with retail sales estimated at £135, 000).
The business has 4 staff including the current owner and is located in the centre of the town with a vast amount of avertising space onto the towns largest road junction. The business premsis comprises of the retail and office space, a garden backing onto main junction, 4 car parking spaces and a quad open plan garage block all facing main road junction. Parking is 1 hour free outside the reatil unit with approx 12 -14 spaces. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
