Local Computer Sales & Repair Shop in Lewes

Lewes, East Sussex
REF: S08109

Asking Price:
£320,000
Annual Turnover:
£300,000
Annual Net Profit:
£120,000
REF: S08109
Photo of Local Computer Sales & Repair Shop in Lewes
Photo of Local Computer Sales & Repair Shop in Lewes
Photo of Local Computer Sales & Repair Shop in Lewes
Photo of Local Computer Sales & Repair Shop in Lewes

Overview

Tenure:
Leasehold
Established:
2011
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Well-equipped premises
  • Equipment included
  • Friendly, professional team
  • Wide variety of products and services

This is a unique opportunity to acquire a local computer shop, that provides customers with tech support and meets all their computing needs. The business is a specialised, small, independent sales and repair shop in Lewes, which sells high-quality computers and other electrical items.

The shop originally opened in 2011 and has progressively established a good relationship and high reputation, building a strong client base within the Lewes and surrounding areas, while providing a friendly and professional service.

Over the past 10 years of operation, the business has been growing steadily and now operates with an impressive profit margin of 52%. In the last four-year period, the business saw a sharp increase in sales, with an average turnover growth of 22.79%. Currently, the company has an average weekly profit of £2,403, which will be a great source of steady income for the new owner.

The business prioritises offering their clients a wide variety of high-quality services at affordable prices, including laptop and PC repairs, iPhone and iPad repairs, laptop and PC sales, iPhone sales, and in-store tech support. The friendly, professional team is currently made up of 2 members of staff, the manager and a self-employed worker, who have both have years of experience with the business.

Iconic Computers is based on Cliffe High Street in the county town of Lewes, which has a thriving economy and a local population of 103,000. This fantastic location has high footfall, nearby car parking, and no local competition, which should ensure plenty of passing trade.

The business currently has 7 years left on a 10-year lease agreement for the well-equipped premises. The rent is incredibly reasonably priced at £9,500 per annum and is even exempt from business rates.

All equipment will be included in the business sale, which means the new owner should be able to get to work straight away.

The current owners are happy to stay for the initial transitional period following the business takeover.

This would be the ideal opportunity for someone with an interest in computers and technology.

There is huge potential for growth with this business, as currently they only repair and sell IOS devices. Therefore, it could be a great move for the company, if they started to offer Android repairs and sell Android phones. Providing home visits and business IT support could also be great options. Finally, it could be worth continuing to grow and expand on Iconic Gaming, as this will present a variety of new revenue opportunities.

Features

Online Presence

Location

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  • Nearby car parking
  • High footfall
  • No local competition
  • Close to local businesses
  • High-street location

Property

Annual Rent
£9,500
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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