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Lancashire Family-Run Appliance Retail & Repair Biz, 45+ Years of Success and Growth

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    19/07/22

  • Advert ID

    299169

  • Reference

    B06897 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £249,995
  • Turnover: £953,000 (£18,327 Per week)
  • Net Profit: Not Applicable

Business Details

Domestic Appliance Retailer And Repairer

Business
Please quote reference B06897 

For over 45 years, this family-run appliance sales, installation and service/repair business in the North West has provided excellent returns.

Beginning in one town centre location and expanding to two more towns, its business model based on accountability and excellent customer service is a proven success and serves the needs of the local communities.

The business has an excellent word-of-mouth and online reputation, which ensures plentiful repeat custom and new business

Highlights 

  • Three outlets in prominent high street locations.
  • Founded in 1976, and long history of successful returns.
  • Several income streams – store sales and installations, online sales, and service/repairs.
  • Excellent online reviews.
  • Well-run business with day-to-day operations undertaken independent of owners.
Opportunities

  • Expanding this successful business model into other nearby towns; the business would also provide an excellent means of expansion for a similar business looking to move into new territories and grow sales.
  • Developing services to the potentially lucrative lettings market.
  • More robust approach to advertising: the website and social presence could be developed to highlight the business’s USPs and attract more customers.


Location
Operating in the North West



Premises
The businesss occuppies three retail outlets.



Tenure
Business premises are available as either leasehold or freehold subject to agreement.



Hours
Due to the nature of the business, it operates all year round. 



Staff
Staff in place. 



Financial Profile
IRO - £1m

  • 100% share sale
  • Prospective purchasers will be required to sign an NDA
 



Read more

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Domestic Appliance Retailer And Repairer - B06897 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.