Established Online Electrical Goods Retailer, District Electricals, Up for Sale
Undisclosed
- Status
FOR SALE
- Date Submitted:
07/10/21
- Advert ID
284013
- Reference
UNI891 / Rightbiz
- Call Agent:
- Asking Price: £87,500
- Turnover: N/A
- Net Profit: On request
Key Features
- Offers Invited
- Retirement Sale
- Home Based
- Accounts Available
- Free of Tie Leasehold
- Company for Sale
- Established Business
- High Turnover
Business Details
Popular and Trusted Online Electrical Goods Retailer
Unique Business Brokers is pleased to be working with the owners of District Electricals on the sale of the business.
Established in 2009, District Electricals is an independent online business founded on providing customers with a hard-to-find combination of excellent value for money and outstanding customer service. They really go that extra mile for their customers, meaning they have built up an enviable online reputation. Five star online reviews have been the norm for years.
They constantly review their processes to ensure that customers have the absolute best online shopping experience possible. To this end they launched a brand new, Magento 2.4 website in September 2021.
District Electricals specialises in the best brands in audio visual consumer electronics, including an extensive range of Samsung, LG, Panasonic, and Sony products, all at the lowest prices possible. These low prices are achieved by selling a mixture of brand new stock and the highest quality graded products. Over the years they have built a network of suppliers for these products, and being able to purchase stock at great prices means they can make good profit whilst remaining really competitive online.
After closing their showroom and warehouse in Worcester recently, District Electricals now trade solely online, creating even better value for money by driving down overheads.
Stock is stored locally and at suppliers, with deliveries being dispatched the same day countrywide.
After years in the trade, the owner has now decided to sell the business on. This is a fantastic opportunity for either a retailer ready to enter the market, a competitor or indeed another online trader wanting to bolt it on to their current offering.
Consistently profitable over many years, District Electricals is a splendid example of an exciting online business with enormous potential.
For further details and to arrange a meeting with the owners please call or email our office. Please DO NOT contact the owners directly
Contact Agent
Listing Statistics
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
