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Long Standing Computer Repair Business

Ipswich, Suffolk
Leasehold Price:
£9,995
Status
FOR SALE
Advert ID
250089
Reference
B05578 / Rightbiz
Business
Hilton Smythe welcomes to the market PC-Factory, which opened in 2003.

PC-Factory offers a wide range of services including the repair of almost anything computer related

including screens, laptops, desktop computers, iPads, tablets, smartphones, games consoles whilst also buying and selling used computers, laptops, netbooks, gaming systems, phones as well as accessories.

One of the other services the company offers is mailbox rental. With a virtual or business mailbox from Mailboxes Etc. they offer the client much more than an address as the client also gets to project a professional image that will impress prospective customers, at a great price. From as little as £1 a day, PC-Factory will accept their clients parcels and post, including signed-for deliveries, let the client know when they have arrived, storing them safely until the client is ready to collect, or forwarding them to anywhere in the world.

Other services PC-Factory offers are cheque cashing, Western Union money transfer and copying services.

The business has 5* reviews on its Facebook page, has a Twitter account and is being sold with the company website and has 100% feedback on eBay from over 4000 reviewers.

There is scope for development of the business by considering;

  • Advertising the mailbox services further as there are 100 boxes and only around 10% -20% are used at any one time.
  • Set up a Bureau de Change.
  • Set up a call out service for repairs.
  • Move into Mac repairs as well PCs.
There are many reasons to buy the business including;

  • Established business in the area.
  • Development opportunities.
  • Low outgoings.
Hilton Smythe highly advise early viewing to avoid disappointment.



Location
PC-Factory is in central Ipswich, the county town of Suffolk. Located next to the Tower Ramparts shopping centre on High Street, PC-Factory is situated in a high footfall area close to a major car park and major bus routes.

Ipswich has a population of 133,384 as of the 2011 census with many workers and visitors coming to the town daily, the daytime population of the town is therefore much greater.



Premises
The shop is entered directly off the main road.

There are window displays for second-hand PCs etc for sale, to the left of the store is the copying machine and to the right of the store is the computer desk.

The 100 mailboxes are directly in front of the entrance door.

To the back left of the store is the Western Union/cheque cashing area, this area is closed off from the main shop and has access from the computer service counter.

To the rear of the shop is a door that leads to a communal area, this area is shared with number 10 and there are stairs leading down to the toilet facilities and a storage area, specifically for PC- Factory.



Tenure
We are advised the business is being sold as a leasehold business opportunity with a 6-year lease from June 2015 and an annual rent of £7,800.

We have been informed that the landlord would be comfortable with assigning a new lease to the new owner of the business.

Our client informs us the business is business rates exempt.



Hours
Monday – Saturday: 9.30am – 4.30pm

Sunday: Closed



Staff
The business is run and managed by our client on a part time basis, with a full-time member of staff.



Financial Profile
PC-Factory generated an advised turnover of circa £62,729 as of the 2018 accounts, with a gross profit of £33,007 a net profit of £2,705 and an adjusted net profit of £6,545.

The assets being sold with the business are worth in the region of £3,000.

The average stock value is in the region of £3,000 - £4,000.



Listing Details
Leasehold Price: £9,995
Tenure: Leasehold
Location: Ipswich, Suffolk
Sector: Electrical Retailers, Computer Businesses
Financials
Annual Turnover: £62,729
Contact Agent
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Advert Reference: B05578 / Rightbiz
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