Online Retailer and Refurbisher of Tech in Ireland

Cork, Ireland
REF: R07652

Asking Price:
£440,000
Annual Turnover:
£1,738,000
Annual Net Profit:
£161,000
Under Offer
REF: R07652

Overview

Tenure:
Leasehold
Established:
2015
  • Fantastic reputation
  • Spacious premises
  • All equipment included
  • Low overheads
  • Amazing growth opportunity

The business for sale is a well-known and respected retailer of refurbished gadgets and tech based in Cork, Ireland.

Established in 2015, the business has quickly become the online market leader in this space. Offering a wide range of mobile phones, tablets, laptops and more, the business refurbishes all of the technology in house, keeping overheads low. Known for great value and unbeatable customer service, the business has gained thousands of 5-star reviews across Google and Reviews.io.

With a workshop unit located in Cork and an extremely modern, high functioning e-commerce site, the business is well optimised for high levels of online sales. Customers are able to browse and purchase their products from the site directly, with free-delivery available across Ireland, as well as on third party sites such as Amazon and eBay.

Offered on a leasehold basis, rent is payable at a rate of €13,200 per annum on a rolling lease. All rates are included within the rental amount.

The business currently operates from premises in Cork, Ireland. Comprising of a fully functioning workshop for the team to carry out refurbishments and to package online orders.

In 2019, 96% of the businesses sales came from online channels. The bulk of the orders come directly through their modern, highly functioning website, however, they have sold on third-party sites (such as eBay and Amazon) in the past.

All of the relevant equipment is to be included within the advertised sale price. Current stock value is approximately €120,000, the sale of which is to be negotiated separately.

The current owner has advised they would be willing to stay on for a transitional period if required.

This would be the perfect acquisition opportunity for a UK based company with a similar service offering looking to expand into the Irish market.

Having already experience proven success with their online sales, an increased focus on digital marketing channels would see the business grow even further. Introducing paid campaigns through the likes of Google Ads and Facebook could drive an increase in profits. Also offering a repair service across Ireland, an increased focus on the promotion of this could see an uplift in longterm customers.

  • Nearby car parking
  • No local competition
  • Office-based
Rent
£11,800
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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