Renowned and Well-Established Electrical Retailer in Hertfordshire

Hatfield, Hertfordshire
REF: R07927

Asking Price:
£125,000
Annual Turnover:
£529,432
Annual Net Profit:
£62,667
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Reduced
REF: R07927
Photo of Renowned and Well-Established Electrical Retailer in Hertfordshire
Photo of Renowned and Well-Established Electrical Retailer in Hertfordshire
Photo of Renowned and Well-Established Electrical Retailer in Hertfordshire
Photo of Renowned and Well-Established Electrical Retailer in Hertfordshire

Overview

Tenure:
Leasehold
Established:
1958
  • Excellent reputation with a loyal customer base
  • Spacious premises
  • Friendly, professional team
  • Wide variety of products and services
  • Strong supplier relationships

The business for sale is a supplier of domestic appliances and electrical products to homes and businesses across the Hertfordshire county.

A. L. Young has more than 6 decades of experience in selling a vast range of electrical goods, such as televisions, fridges, freezers, hoovers, washing machines, dryers, cookware, and audio gadgets. It operates from a well-stocked showroom and a website, boasting the latest products at unbeatable prices.

It has become a renowned business due to its impeccable customer service, where the team of experienced staff provide honest advice and assistance to help customers find the right solution for their needs.

A. L. Young ensures every customer is completely satisfied by offering free local delivery, installation, demonstration, removal of old appliances, and after-sales service.

This is an exciting time to acquire the business as it will soon be relocating to brand-new premises nearby.

A. L. Young benefits from having a showroom in a prime position on Hatfield’s high street, with superb branding on the premises’ exterior. This affords the business a high level of footfall and great visibility to potential customers. Upon entering the property, customers are welcomed into an open-plan showroom with a large range of products on display.

The business is due to move to a brand-new £45 million commercial and residential development in August/September 2021, and so the new owner will have the exciting prospect of leading the company through the next chapter of its growth journey. Detailed information about the development can be found at the following links:
https://one.welhat.gov.uk/article/10327/Work-set-to-start-on-High-View-regeneration
https://www.hatfield2030.co.uk/highview-regeneration-start.htm

The vendor is happy to provide the buyer with a transitional period, if required, to ensure there is a smooth handover of business operations and long success.

The ideal buyer for A. L. Young is a business owner already operating in the electrical industry who now wants to expand their enterprise by taking on another store location.

The new owner is presented with multiple strategies for growing the company further. A key part of this will be to update the business’s website in keeping with evolving customer expectations, as well as adding more products for sale. This will add greater convenience for site visitors and encourage more customers to make an order, alongside a likely increase in the average order value. The buyer can complement this digital overhaul by conducting a paid online advertising campaign to further benefit the business. This should be effective in boosting brand awareness of the company amongst the target market and generate more traffic to the website.

Features

Online Presence

Location

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  • High street location
  • Town centre location
  • High footfall
  • Good transport links
  • Nearby car parking
  • No local competition

Property

Annual Rent
£16,500
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

Financial & More

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

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