Long Established Traditional Electrical Shop in prime coastal location.

MCT Electrical
Turnover: circa £344k
Adjusted Net Profit: circa £30k

MCT Electrical is a cherished electrical sales and repair store with exclusive offerings for customers looking for new and used appliances, appliance repairs and a host of complementary hardware, DIY and gardening goods. The store has a huge been established since 1989 and in this time has built up an unrivalled local reputation and repeat customer base.

THE OPPORTUNITY

Proven Success:
The business has built a strong reputation for quality products and excellent service, resulting in a loyal customer base. The business has been established over 35 years, and in this time, they have built up an impressive turnover and customer base for a new entrant to capitalize on for further growth.
Steady income:
Enjoy consistent revenue from repeat customers, seasonal sales etc… The business has the option of implementing an ecommerce website, which would provide additional revenue and brand reach.
Room for Growth:
There are opportunities to expand by introducing additional product lines. The business offers an incoming vendor the opportunity to grow the brand by expanding online reach and/or opening of an additional location.
The business has no social media following, offering an additional layer of potential reach for an incoming operator.
Prime Location:
MCT is situated on a busy main high street in Aldeburgh with unrivalled frontage, being located on a busy junction in the heart of the coastal town with a large pavement to the front allowing for passing trade and ongoing brand awareness.

PRODUCTS

The business specialises in the sale of new and used electrical appliances, alongside the repair of appliances. The business serves a large customer base from the local area, with others travelling into the coastal town to visit the store, who are known for their value and excellence in service.
The business has built up strong relationships with local and national suppliers, with the opportunity to expand the partner network and consider international suppliers for greater exclusivity and increased margins.

KEY ACHIEVEMENTS

The business has achieved excellent reviews built up over a 35-year period that the shop has been open for including 4.3-star reviews on google.

MARKETING

The business has limited marketing needs and enjoys ongoing trade from new and existing customers from and visiting the area. The business relies on local passing trade and online portals such as google and yell.com, however there is scope for paid advertising to be introduced to google and social media to boost local presence sales, with the introduction of an online store this can be expanded to nationwide exposure for online sales and delivery.

MANAGEMENT AND EMPLOYEES

The business is managed by the vendor and 2 members of staff.

PREMISES

The premises is made available by way of a lease assignment with the current annual rent being £25,000 per annum.
The store is presented to a high standard and offers a turnkey opportunity to an incoming operator. There is a large retail frontage providing an excellent amount of retail space for customers to browse. A stockroom which is fully furnished and equipped and a separate toilet.

The store is furnished to the highest of standards and viewing is essential to appreciate the opportunity.

GROWTH OPPORTUNITIES
There is endless growth potential for an existing operator or someone looking to enter the market with an established brand and customer base with this well-established business:
• Expansion into new locations
• Product diversification
• Implementation of digital marketing plan
• Ecommerce platform implementation including click and collect/delivery
• Increase product line
This would suit an existing operator as a bolt on acquisition, or a new entrant to the market.

FINANCIAL INFORMATION

Detailed financial statements will be made available for interested parties.

FURTHER INFORMATION

Don't miss out on this incredible opportunity to own and grow this unique business with an exceptional branding presence.

Further information is available by speaking with us and for more information please contact us.