Mobility Retailer Electric Scooters Stairlifts Wheelchairs Access Equipment & Mobility | | Undisclosed Relocatable | | Mobility Retailer Electric Scooters, Stairlifts, Wheelchairs, Access Equipment and Mobility Aids Confidentially offered for sale Ref No: GN009 Location: East Anglia Leasehold Asking price: £350,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57359
ADVERT IMPRESSIONS : 51,699 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £350,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business is a specialist in the purchase and supply of mobility scooters, ancillary products and accessories, all of which are displayed and sold direct to the public from the companys city centre retail showroom and workshop.
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.
This is a high value business with annual turnover reaching circa £600,000 coupled with high gross profits circa £215,000 and impressive year on year adjusted net figures circa £150,000. The business has very little competition due to their unique position in the market as a retailer who can offer a full and comprehensive range of disability products in one showroom.
The location of the business has had a large bearing on the business success as a good percentage of the people 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
Customer Service:
The business's excellent service and quality products have gained it an enviable reputation for offering a reliable and personal service at competitive prices.
The regular repeat business from the multitude of clients bears testimony to the business's unrivalled reputation for reliability and honesty and many key assets can be found in the long established relationships it has with these clients.
The business has built a long standing trust with its client base, they rely on high levels of product knowledge and skilled advice, and this reliability has given the business its growth and quality status with both its customers and suppliers.
The business delivers at all stages of its dealings value, and a simple viewpoint that the customer needs come first.
Key Strengths:
Independent free of tie to major manufacturers
One stop supply for all client product needs.
Low overhead cost and minimal staffing levels
High Gross and net profit margins.
High level retention of client base year on year.
Niche market and recognised as expert within it.
Growth and Expansion:
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
Key Opportunities:
To purchase a successful and niche market business with circa £150k net profits
Secure quality clients offering a stable base in which to build upon.
The business is considered by its suppliers to be of a significant size, to achieve discounted buying levels
Fully independent offering and a one stop shop for all client needs.
To roll out the business model into new retail outlets and increase web presence
Employees:
The business is currently managed and run by the vendor with the aid of administrative and showroom staff.
Advertising and Marketing:
Word of mouth recommendations produces high levels of both new and repeat custom, there are strong development opportunities available through the introduction of a modern and bespoke web presence coupled with a targeted advertising campaign in local press and lifestyle magazines.
Premises:
The business trades from a city centre location.
Business Hours:
Monday Friday: 8.30am to 5.30pm
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover circa £600,000 per annum
Gross Profit circa £215,000
Net profit circa £150,000
Reason for Sale:
The business is offered to market at a time when the vendor can with confidence, hand the business to new owners who with enthusiasm and commitment can take the business to its next level.
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.
| | | | | | FOR SALE | | | | | REFERENCE: | GN009 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
