Popular Domestic Appliance Repair Shop in Lancashire

Accrington, Lancashire
REF: S07426

Asking Price:
£65,000
Annual Turnover:
£175,222
Annual Net Profit:
£21,838
REF: S07426
Photo of Popular Domestic Appliance Repair Shop in Lancashire
Photo of Popular Domestic Appliance Repair Shop in Lancashire
Photo of Popular Domestic Appliance Repair Shop in Lancashire
Photo of Popular Domestic Appliance Repair Shop in Lancashire

Overview

Tenure:
Leasehold
Established:
1994
  • Excellent Reputation
  • Huge growth potential
  • Friendly & Professional Team

Now available to the market is this popular domestic appliance repair shop in Lancashire.

Since 1985, and under current ownership since 2010, the business has been retailing high quality domestic appliances to the local community. Many customers also look to the business for an efficient, thorough repair service, with the owner able to repair most makes and models of appliances.

As the current owner is seeking retirement, they are looking for a passionate new owner to drive the business to increased success.

Stocking a wide range of appliances from names such as Stoves, Hotpoint and Indesit at very affordable prices, the business has gained an excellent name for itself amongst homeowners, landlords and renters alike. The current owner also prides themselves on being able to fix any make or model, travelling to all BB postcodes and repairing appliances without charging a ‘call-out’ fee.The business benefits from numerous word of mouth referrals from happy customers and is busy all year round, helping to generate a very impressive annual turnover. Its customer loyalty is second to none.

Running from a sizeable, well-organised premises, the business is ready for a new owner to immediately takeover, with all fixtures and fittings, as well as stock, included in the sale.Promotions occur through the business’s website which details its products for sale, services, blog and opening times. It also features a link to its Facebook page which has over 600 followers and countless glowing reviews

This is a fantastic opportunity to take on a profitable lifestyle business which benefits from little competition in the area and an already established customer base.The business would make an ideal acquisition for someone already in the appliance retail/repair industry and either looking to grow their portfolio or make their first purchase.

Various steps could be taken to grow the business’s profit margins and customer base. Further advertising through social media channels and leaflet drops in the local area would widen the business’s exposure. Opening longer and taking on additional staff would increase the opportunity for sales and also allow the business to service multiple appliances at once. The current owner is willing to stay on for a transitional period to hand the business over to its new owner.

Features

Online Presence

Location

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  • High Footfall
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£18,000
Annual Rates
TBC
Lease Term (Years)
TBC
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
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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