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Established Electrical Retail Business in West Midlands, Shropshire for Sale

Shrewsbury, Shropshire
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ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 1
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 2
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 3
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 4
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 5
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 6
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE Photo 7
Enlarge
ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIREELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP - WEST MIDLANDS / SHROPSHIRE
  • Status

    FOR SALE

  • Date Submitted:

    15/04/24

  • Advert ID

    609798

  • Reference

    4838a / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £49,950
  • Turnover: £600,000 (£11,538 Per week)
  • Net Profit: Not Applicable

Business Details

ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP WEST MIDLANDS SHROPSHIRE

Princes TV & Video
Property & Business For Sale

A reputable and long-established business model in a prime location based in North Shropshire, West Midlands.

This electrical retail business consists of two Leasehold properties. One retail property is located in a busy Market Town on Wem High Street. The second premises is located in a hustling village, within walking distance of a school, village store, Post Office, village hall and Church. Both sites are within close travelling distance and are suitable for multiple purposes. Current uses are primarily retail, administration, storage and service.

Princes TV & Video are currently valued members of Euronics UK, supplying and installing a wide range of domestic appliances. Princes also provide Aerial, Satellite, CCTV and networking installation and service.

This business is a reputable local family business which has had the same owner since 1981 - with a genuine reason for sale due to retirement.


Attributes of the current business:


· Well established electrical retailer.


· Members of Europe’s largest electrical buying group – Euronics UK.


· Inclusive of a strong, experienced and long-standing work force, including sales, accounts, administration and engineering.


· Modern company vehicles/fleet.


· Excellent working relationship with well-known manufacturers and brands.


· Direct trade accounts with manufacturers and brands


· Euronics presents a great opportunity for future growth and buying power.


· Fantastic reputation for customer care and aftersales expertise.


· Excellent word of mouth recommendations.


· Great customer loyalty.


· Training opportunities within transitional period.


· Huge potential to diversify with new lines/opportunities and income streams.


· Advised annual turnover of £600,000.





Services included:


· Supply, delivery and installation of domestic household and commercial goods.


· Repair service of domestic goods and brown goods.


· Aerial and Satellite installations and solutions


· CCTV, Access Points and Networking solutions – including Starlink installation.


· Engineer call out service


· Multiple income streams within business.


· Additional Gift and Jewellery retail store, currently including a watch and jewellery repair service.


· Supply of awards and trophies, including engraving for local businesses and organisations.




Overview:

· Leasehold properties based in North Shropshire, West Midlands.


· Well-equipped properties including kitchen and WC facilities.


· Prime retail store presence on Wem High Street.


· Electrical retailer – members of Euronics UK


· Two business sites within close travelling distance - suitable for retail, administration, storage and service.


· Present successful and ongoing business model.


· Reputable local family business with the same owner since 1981.


· Genuine reason for sale due to retirement.



Freehold option on both retail units

(price to be negotiated)
Read more

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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.

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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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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The data showed regarding this advert 'ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP WEST MIDLANDS SHROPSHIRE - 4838a / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.