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Well established Mobile Repair shop for sale

Louth, Lincolnshire
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Well established Mobile Repair shop for saleWell established Mobile Repair shop for saleWell established Mobile Repair shop for sale
  • Leasehold: £44,999
  • Turnover: £85,000
  • Net Profit: Not Applicable
Business
Please quote reference B06686

Hilton Smythe welcomes to the market PhoneLink in Louth. The business was established and has been run by the current vendor since 2016 in which time it has built up a strong and loyal customer base. Only now does the business come to market due to our client’s other business interests. 

The business sells a wide range of products including mobile phones and tablet accessories giving expert advice and repairs to devices servicing both the retail and corporate sector of the market.

The business currently trades 6 days a week and generates a turnover in the region of £85,000 per annum, with a net profit of £40,000.

PhoneLink has an outstanding reputation with an abundance of 5 star google reviews. Customer comments include ‘Would recommend this place for anyone that needs repairs done to their phone. Great customer service and fairly priced. This place goes the extra mile when dealing with you, can't ask for anymore’ and ‘very good service and very responsible price.’

Our client is offering a hand over period to ensure the continued success of the business.

The business would suit either an established operator looking for an additional site or an individual or partnership looking to take on their first business venture in this sector of the market. Viewings are by appointment only and are to be arranged via Hilton Smythe.



Location
Ideally situated at Eastgate, in the picturesque and sought-after market town of Louth, Lincolnshire, benefitting from ample footfall due to being located on a main arterial road.

The business further benefits from parking facilities withing the proximity.

The site is easily accessible by all modes of transport with busy passing trade and footfall in and out of Louth.



Premises
The premises has excellent eye-catching signage and is well presented throughout.

Upon entrance is the service area with perimeter displays and counter.

To the rear of the premises is a storage area and WC.

The shop is secured with Cctv, alarm system and roller shutter.



Tenure
We are advised that the business is being sold on a Leasehold basis, with the current lease on a yearly rolling agreement. The rent is £830 per month. 



Hours
The business hours are -

Monday – 10:00am – 5:30pm
Tuesday – 10:00am – 5:30pm
Wednesday – 10:00am – 5:30pm
Thursday – 10:00am – 5:30pm
Friday – 10:00am – 5:30pm
Saturday – 10:00am – 5:30pm
Sunday - Closed




Staff
We are advised that the business is owner run and managed, with the help of 1 part-time member of staff. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £85,000. Full financials can be made available upon further request. 

Please quote reference B06686



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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. Rest 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.

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