Retail Business For Sale in Surrey South_east

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Very Well Established, Profitable And Prominent Domestic Appliances High Street Retailer

Location:Surrey, South East

Category:Retail

Asking Price:£120,000

  • Sales revenue : £840,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Very Well Established, Profitable And Prominent Domestic Appliances High Street Retailer

Business description

Very Well Established, Profitable and Prominent Domestic Appliances High Street Retailer

Ref. AI039

Location : Dorking

Asking Price : £120,000

This very well known and profitable retail business for domestic appliances was formed by the vendor over 25 years ago in the Town of Dorking in Surrey. Since that time it has grown significantly and is well known locally for its first class service and great value for money.

The aims of the business are simple, to ensure that every customer who purchases from them is 100% satisfied with their service, ensuring that they will return should the need ever arise to replace another appliance.

The Vendor and his staff are proud of the fact that the best advert for the company is word of mouth and in this time of increased competition strives to maintain its offer of personal and attentive first class service.

They are proud suppliers of Bosch, Siemens, Miele, Neff, Liebherr, Electrolux, Zanussi, AEG and many others.

The company provides, added value services including free local delivery by their own well maintained vehicles and free standard connection on all Free Standing Washing Machines, Dishwashers, Electric Ovens and Tumble Dryers.

They are happy to quote for installation of integrated appliances by one of their professional fitters and also for the installation of gas appliances.

The business hates to lose a sale and will always be competitive on price and is always happy to offer a competitive quote.

This business is a member of the popular and well known Euronics network; Euronics International Ltd. is an international association of over 11,000 independent electrical retailers in 30 countries and it functions as Europe s largest electrical buying group on behalf of its members.

Quality of product, personal service and after sales care have been the key to the success of this business and something the current owner takes particular pride in. All customers are treated individually.

The business enjoys a considerable repeat client base and an enviable reputation which brings referral work in on almost a daily basis from this affluent area of high net worth residents. It has established a reputation for quality products and superior customer service, with free technical support and advice. This business covers the profitable mid – top end market and enjoys a high numbers of referrals.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The vendor is an enthusiastic successful retailer and he is supported by equally motivated, highly skilled and knowledgeable staff.

This excellent business is a turnkey operation that is ready to go.

Other Information

  • Real Estate: The premises are in the private ownership of the vendor, who will grant a new lease for the successful purchaser. The detached building comprises of circa 1,500 square feet including an excellent showroom and storage facility. Rent & rates are circa £40,000 p.a. Situated in the centre of the busy and affluent Surrey town of Dorking there are excellent and high levels of passing trade with ample parking in very nearby car parking. There is also an off-site storage facility of circa 1,000 square feet and is arranged on a monthly leased basis.
  • Competition: The business currently undertakes a limited level of advertising via local goodwill gestures such as local charity, school or church magazines. It also has the benefit of its company listing and description as part of the Euronics marketing activities. There are excellent opportunities to increase this and to develop a new website to market the business more aggressively. A high proportion of the business s revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
  • Expansion: The business has enjoyed steady growth since inception and is well positioned to take maximum advantage of future growth as it occurs. Further increase in sales could be achieved by developing the potential that lies within the Euronics relationship and which is under exploited by the vendor. Adopting a more pro-active approach to advertising and marketing could greatly improve turnover and profits. Being a retailer in such a prominent location in the centre of Dorking is a definite advantage over any competition.
  • Years Established: 1991
  • Employees: The vendor works within the business full time with frequent time away and employs the following personnel: 1- Full Time Delivery Driver & Installer 1- Full time Delivery Driver & Trainee Installer 1- Full time Retail Sales Manager
  • Trading Hours: As required. Showroom: 9am -5pm Monday – Saturday and 08:30am – 5:30pm Closed on Sunday
  • Support Training: The owner will provide all necessary training and handover to allow continuity of trading and a smooth transition of ownership.
  • Reason For Selling: Retirement
Turner Butler
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