Appliance stores for sale in Telford with two freehold shops available
Telford, Shropshire
- Status
FOR SALE
- Advert ID
641420
- Freehold: £565,000 (Stock at valuation)
- Turnover: £1,000,000 (£19,231 per week)
- Profit: On request
Key Features
- Loyal employee staff
- Opportunity for digital growth
- Opportunity for freehold purchase
- Opportunity for immediate business operation
Business Details
Appliance stores for sale in Telford, 2 freehold shops
This established and highly profitable business has been successfully operating for 30 years, bolstered by a loyal staff adept at managing it. The shop is fully equipped with an electronic point of sale (EPOS) system, facilitating smooth and efficient transactions. The business benefits from a robust base of repeat customers and consistently receives excellent reviews, a testament to its commitment to quality and customer satisfaction.
As a proud member of Euronics, the largest buying group in Europe, the store enjoys significant advantages in procurement and pricing. Additionally, the skilled engineers employed by the business ensure that customer needs are met with expertise and reliability.
Located in Telford, the business consists of two freehold shops situated in well-positioned town centres. Both locations are currently undergoing refurbishment, which presents a unique opportunity for attracting even more customers as the towns revitalise. The potential for growth is evident—enhancements to the business's online presence could further increase its reach and profitability.
Key Aspects and Selling Factors
The business comes with several appealing features that will attract prospective buyers. An extensive list of fixtures and fittings is included in the sale, allowing for immediate business operation without significant additional investment. The owner is selling due to retirement, creating a rare opportunity for a new proprietor to step in seamlessly. With a dedicated team of eight employees, the organisation is well-equipped to continue its operations smoothly.
Growth Potential and Transition Support
Currently, the business generates an impressive turnover of £1,000,000, showcasing its financial viability. There is considerable room for expansion, particularly through digital enhancements that could bolster online sales. The owner is also willing to provide one month of paid consultancy to facilitate a smooth transition for the new owner, ensuring they feel confident in managing the business from day one.
This is not just a chance to acquire a business; it's an opportunity to build upon a solid foundation while leveraging its existing reputation and client base. Interested buyers are encouraged to enquire about the asking price, as this freehold opportunity in Telford presents a promising investment in a flourishing area.
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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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