Long-Established Model Car and Accessory Retailer in Essex

Hockley, Essex
REF: R07738

Asking Price:
£5,000
Annual Turnover:
£290,000
Annual Net Profit:
£40,000
REF: R07738

Overview

Tenure:
Leasehold
Established:
2011
  • Excellent reputation
  • Loyal customer base
  • Huge growth opportunity
  • Spacious premises
  • Equipment included

A unique opportunity has emerged to purchase a long-established radio-controlled model shop for a significantly reduced price. There is the additional benefit of this being a goodwill and assets sale, rather than a share sale. The shop offers an extensive variety of products, including electric, nitro, and petrol cars, as well as car kits, earth movers, tanks, trucks, trains, and motorbikes. It also offers a range of sea and air items, including boats and planes. Furthermore, all of the ancillary components are available to purchase to ensure any model vehicle enthusiast has everything they need to enjoy their hobby, such as glue, woods, and construction kits.

Over the years, the business has developed an outstanding reputation and a loyal base of repeat clientele, all of whom appreciate the unbeatable range of affordably-priced stock both online and in-store. Customers also value the staff’s impeccable customer service and product knowledge. Consequently, the company attracts clients both locally and further afield due to the ability to purchase products that are difficult to find anywhere else.

This is an unmissable opportunity as the business has an estimated value of £100,000 plus stock, but due to the owner’s need for a quick sale for retirement, the price has been considerably lowered. With the most recent accounts showing a net profit of £34,000 p/a, the business presents itself as a highly lucrative acquisition.

Situated in the seaside resort town of Southend-on-Sea, the retailer currently operates from an industrial unit in close proximity to the Hockley train station, affording it a good level of footfall and passing trade. However, the business can easily be relocated to an alternative premises, should the buyer wish to do so.

The business possesses a high-quality website with a comprehensive array of products available to purchase, alongside clear customer service contact details. It has also accrued 1,800 followers on its Facebook page due to its engaging presence and regular content. A long list of excellent customer reviews are available on Google and Facebook, demonstrating the company’s commitment to quality.

The basic shop infrastructure is included in the sale price, such as all shelving and packaging equipment. Additionally, the vendor is offering a transitional period to ensure a seamless handover of business operations.

The business would make the perfect acquisition for a vehicle model enthusiast who is looking for the chance to run their own business.

The retailer has accrued healthy levels of turnover and profits over the years, but still has room for further development. Principally, the new owner would likely benefit from selling the business’s products through online marketplaces, such as eBay and Amazon. This would boost awareness of the company, reach a wider geographic audience, and increase consequent levels of sales.

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  • Relocatable
  • Residential area
  • No local competition
  • Good transport links
  • On-site car parking
Rent
£6,480
Rates
£0
Lease Term
0
Lease Expiry
flexi lease with 1 months notice
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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

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