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Asking Price:	$20,000 GBP United Kingdom Pounds
Business for Sale Industry:	Retail: Electronics, Tech., Cell Phones
Reason for Selling:	due to ill health.
Year Established:	2000
Yearly Revenues:	$50,000

Business for Sale Overview:

Advent Business Sales are pleased to have been instructed to offer for sale this extremely well established mobile phone shop. The business has been established for nearly 8 years, 7.5 years on its present site with an exceptional reputation with many repeat clients. The current owner has been forced into selling this business due to ill health. The customers benefit from a part time electronics engineer whose knowledge is expansive and whose abilities exceed that required for mobile phone’s alone. The business is an Orange Independent dealer through mainline distribution and can organize and initiate phone contracts. Separate to that, links with Nutel and Space Communication offers contracts with other networks, including Pay As You Go. The business also is an affiliated member of Samsung Elect who offer Point of Sale items support, website sales as well as innovation information.

Property Features and Assets:

Tenure: Leasehold; Original Term: 3 years; Term Remaining: 1 year; Rent: reviews every 3 years. At present the lease is an open lease as the landlord hasn’t stated a time length. Rent: £4,680 including alarm maintenance and business rates. This business is ideally located on the high street of Tunstall with a convenient car park opposite, within a shopping parade in a busy mixed residential and commercial area. The area benefits from regeneration and an excellent transport system including major A road links to the M6 motorway. High volume passing trade and clear visibility of the shop ensures additional customer base.

Market Competition and Expansion:

Expansion Potential: Although already well established and trading well, there is further potential for growth and expansion in sales of related communication devices plus I Pods, MP3 players and much more. At present the vendors do not have a website, there for a website addition could further boost sales. There is also huge potential in business to business sales.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This may become a homebased business opportunity.
• This may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.