Thriving Glasgow Electrical Appliance Retailer for Sale – Hilton Smythe's Taylors of Giffnock
Undisclosed, Glasgow
- Status
FOR SALE
- Date Submitted:
15/07/22
- Advert ID
298975
- Reference
B06981 / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Turnover: £439,107 (£8,444 Per week)
- Net Profit: £81,472 (19% Profit margin)
Business Details
Extremely well run Electrical Appliance Retailer for sale
BusinessPlease quote reference B06981
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and thriving electrical appliance retailer.
Taylors of Giffnock has been under the careful and meticulous ownership of our client for the last 8 years, building up an enviable reputation not just locally but within the industry in general, a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client wishing to leave the industry after many successful years of trading as they look to retire in the near future.
The business offers a complete range of household electrical appliances to consumers and is a member of Euronics, Europe’s leading independent electrical buying group and this ensures that it is able to offer products by stellar manufacturers at prices that are competitive with other high street and internet retailers. The business retails a great range of domestic appliances, televisions and integrated appliances some of which are on display in the showroom.
The business prides itself on offering the highest standard of service to all its customers and this is reflected in the number of returning buyers, many of whom have been using the business for years.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, along with the introduction and further promotion of the dedicated website where customers can either click and collect or order for delivery, along with the introduction of some further products.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, with the current owner happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.
Location
The business is located in a prime trading location within a small retail parade in the busy and popular Mackinlay Place, Newton Mearns (G77) and benefits from being surrounded by a host of complementary businesses, leading to a good level of footfall, and passing trade.
Newton Mearns is located approximately 9 miles from Glasgow City Centre with an excellent commuter network served by the M77, M8 and Glasgow Southern Motorways which also facilitate access to both Glasgow and Prestwick International airports, with regular train and bus services to Glasgow, East Kilbride and the Ayrshire coast. Newton Mearns further benefits from excellent retail and recreational facilities with a great choice of shops, bars and restaurants, with excellent schooling facilities also located within the local area.
Premises
The business is located in a ground floor, single fronted retail property, a bright and welcoming interior comprising ample display areas and a service counter. The shop further benefits from ample storage and w/c facilities. The premises can be found in overall good condition.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 and a half years remaining on the 10 year lease. The lease is renewable. The rent is £850 per month.
Hours
The business hours are -
Monday – 09:00 – 17:30
Tuesday – 09:00 – 17:30
Wednesday – 09:00 – 17:30
Thursday - 09:00 - 17:30
Friday – 09:00 – 17:30
Saturday – 09:00 – 16:00
Sunday - Closed
Staff
We are advised that the business has 3 full-time and 1 part-time member of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £440,000, with an adjusted net profit in the region of £107,000. Further financials can be made available upon request.
Please quote reference B06981
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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. 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.
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