Business for Sale Overview:
Established in 1998 this business, an electrical retailer, as a result of speedy growth relocated to its current larger, high profile premises in this busy town on the south east London/Kent border approximately four years ago adding a second outlet, just a few doors away, dedicated to kitchen design as a result of continuous requests from its customers struggling to find quality craftsmen when they were renovating their kitchen facilities.
This business is the leading independent electrical retailer in its area having been built on a solid foundation of offering a wide range of leading brands across the full range of white goods matched by similarly impressive service and reliability. As part of the one of the UK’s largest buying groups, this business is in the enviable position of being able to offer the full range of white goods at very competitive prices. All of the leading brands are represented – and quite simply if a particular model isn’t available then this business will source it!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business operates from two retail outlets, just a few doors apart, prominently situated on a major thoroughfare with high levels of passing traffic in to a very busy town on the south east London/Kent border.
Outlet 1:
Situated in a corner position offering high visibility to local traffic, this outlet is dedicated to the electrical retail side of the business. Approximately 2,000 square feet of retail space, the premises are leased with approximately 8 years remaining on the current agreement. Rent is approximately £12,500 per annum with Rates of approximately £4,750 per annum. The outlet also benefits from a side loading bay with approximately 300 square feet of storage space on site.
The outlet currently operates between 9.30 am and 5.30 pm weekdays excluding Wednesdays when the business closes at 4.30 pm and between 9.00 am and 5.00 pm on Saturdays. The outlet is closed Sundays and Bank holidays.
Outlet 2:
Within the same parade of shops, the second outlet is dedicated to the kitchen design side of the business displaying a small range of kitchens, cabinet doors, handles, tiles etc. Approximately 1,000 square feet of showroom, the premises are leased with two years of the original ten year agreement left. The rent is £6,500 per annum. Rates are approximately £3,150 per annum.
The kitchen design outlet currently opens between 9.00 am and 5.00 pm six days per week and is closed on Sundays.
The business also rents a small warehouse of approximately 1,000 square feet. Close to both the retail outlets the warehouse is secured on a yearly contract at a cost of £400 per month, all inclusive.
Market Competition and Expansion:
Having been a firm fixture in the local marketplace this business already enjoys high levels of awareness within the local community. As a result the business has little need of extensive investment in local advertising merely featuring in the local edition of the Yellow Pages.
The business has a very informative website which performs very well in all the major search engines for all appropriate search terms supported on the kitchen design side of the business by Google ad words and yell.com.
It is currently in the process if setting up a dedicated site for the kitchen design side of the business and a separate e-commerce website for the sale of sinks and taps.
Reason for Selling:
current Owner feels the time is right to pass it on
Additional Details:
- The property is leased.
- The owner may be willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.