ELECTRICAL RETAILER MEMBER OF EUROPE'S LARGEST BUYING GROUP WEST MIDLANDS SHROPSHIRE

Princes TV & Video
Property & Business For Sale

A reputable and long-established business model in a prime location based in North Shropshire, West Midlands.

This electrical retail business consists of two Leasehold properties. One retail property is located in a busy Market Town on Wem High Street. The second premises is located in a hustling village, within walking distance of a school, village store, Post Office, village hall and Church. Both sites are within close travelling distance and are suitable for multiple purposes. Current uses are primarily retail, administration, storage and service.

Princes TV & Video are currently valued members of Euronics UK, supplying and installing a wide range of domestic appliances. Princes also provide Aerial, Satellite, CCTV and networking installation and service.

This business is a reputable local family business which has had the same owner since 1981 - with a genuine reason for sale due to retirement.


Attributes of the current business:


· Well established electrical retailer.


· Members of Europe’s largest electrical buying group – Euronics UK.


· Inclusive of a strong, experienced and long-standing work force, including sales, accounts, administration and engineering.


· Modern company vehicles/fleet.


· Excellent working relationship with well-known manufacturers and brands.


· Direct trade accounts with manufacturers and brands


· Euronics presents a great opportunity for future growth and buying power.


· Fantastic reputation for customer care and aftersales expertise.


· Excellent word of mouth recommendations.


· Great customer loyalty.


· Training opportunities within transitional period.


· Huge potential to diversify with new lines/opportunities and income streams.


· Advised annual turnover of £600,000.





Services included:


· Supply, delivery and installation of domestic household and commercial goods.


· Repair service of domestic goods and brown goods.


· Aerial and Satellite installations and solutions


· CCTV, Access Points and Networking solutions – including Starlink installation.


· Engineer call out service


· Multiple income streams within business.


· Additional Gift and Jewellery retail store, currently including a watch and jewellery repair service.


· Supply of awards and trophies, including engraving for local businesses and organisations.




Overview:

· Leasehold properties based in North Shropshire, West Midlands.


· Well-equipped properties including kitchen and WC facilities.


· Prime retail store presence on Wem High Street.


· Electrical retailer – members of Euronics UK


· Two business sites within close travelling distance - suitable for retail, administration, storage and service.


· Present successful and ongoing business model.


· Reputable local family business with the same owner since 1981.


· Genuine reason for sale due to retirement.



Freehold option on both retail units

(price to be negotiated)