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Mobile Phone Sales, Tablet and Laptop Repairs Business

Norwich, Norfolk
Advert ID
B05671 / Rightbiz
Leasehold Price: £34,995
Annual Turnover: £64,000
Hilton Smythe welcomes to the market Device in the city centre of Norwich that was established by our client in 2017. Our client is looking to move abroad, hence the sale.

Device is a highly regarded repair centre for mobile phones, laptops, tablets and Macs that, using only original parts, is one of the very few repair centres that gives a warranty on their work, hence the 5* reviews across the board on Facebook, Yell and Google. The business also buys and sells second hand phones, laptops tablets and Macs and sells all accessories.

The business has many repeat customers, due to the quality of the work carried out and advertises by word of mouth plus its own Facebook page.

The business is also being sold with the website, which is about to go live during November 2019. The site is an ecommerce site with all accessories and devices listed for sale. The site should increase revenue as the business will be seen nationally rather than just locally.

Our client is comfortable with staying on for a transitional period of time.

Device is a profitable business, however, there scope for further development by considering opening 7 days a week, employing another member of staff and utilising the basement area further.

This is a true turnkey business and Hilton Smythe highly advise an early viewing to avoid disappointment.

Device is located on the north western outskirts of the city centre of Norwich, Norfolk on St Benedicts Street, a main road in and out of the city, close to parking at St Andrews Street car park and many other parking areas for the city centre.

St Benedicts Street is a main road with many independent shops that bring a strong footfall to the area, the direct area is also densely populated. The shop itself has distinctive illuminated signage and is set over three levels being the ground floor, a basement and a mezzanine floor to the rear for the kitchen and toilet facilities.

Fully refurbished in 2017 by our client Device is set within a shop with a large dry basement which is currently for storage. This area could be utilised further by the new owner of the business.

The main showroom is entered directly of the main road, has a wooden floor, display wall hangings for accessories, display for second hand devices and access to the service counter.

Behind the service counter is the service area with seating for 2 staff members, all tools, shelving and drawers for stock.

From this area is the door leading down to the basement area and stairs leading to the mezzanine level for the kitchen and toilet facilities, which were fitted in 2017.

The premises has 4 CCTV cameras from a system that can be operated remotely as well as an alarm system.

We are advised the business is being sold as a leasehold business opportunity with a 6 year lease form 2017.

The annual rent is just £10,000 and we have been informed that our client does not pay business rates.

The business opening hours:

Monday – Saturday: 9.30am – 5.30pm

Sunday: Closed

The new owner should consider opening on Sundays

The business is run and managed by our client.

Financial Profile
Device generated an advised turnover of circa £64,000 as of the 2019 accounts, with a net profit of £23,905

All stock is included in the sale price, worth in the region of £5,000 - £10,000

The assets being sold with the business are worth in the region of £10,000 - £15,000

Listing Details
Location: Norwich, Norfolk
Sector: Mobile Phone Businesses, Electrical Retailers
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Advert Reference: B05671 / Rightbiz

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