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Well established electrical supplies business to the trade & public
Income to year end 31.07.17 £248,165 with good profit margins
Same ownership since 1996
Excellent reputation for varied stock lines
Reference - 46853
Description pmb Electrical Supplies is a well used and well established traditional electrical spares outlet, which has been run under the same ownership since the late 1970’s and is only being offered for sale due to our clients wish to retire. The business trades from a highly visible property on a main road location in South Essex within a densely populated residential area with ample free parking close by.
The business does supply parts and spares to the public, but we have been informed that approximately 90% of the income generated comes from commercial trade, such is the reputation for not only the level and diversity of stock held but also for the quality and price compared to some of the national chains which are within the area.
The business would ideally suit a hands-on operator but it also offers tremendous growth for any new owner who could introduce an eCommerce web site for online orders, thus building on the strong foundations formed over many years under the current ownership.
Accounts Accounts to the year end 31.07.17 show an income of £248,165 with an adjusted profit of £40,156 for the same period.
Trading Hours Monday – Friday 08:00 to 17:30
Saturday 08:00 to 13:00
Staff The business is managed by the owner along with one part time admin staff.
Building External The business operates from a corner plot property with good signage and is situated on a main road within a densely populated residential area.
Building Internal The business operates from the ground floor of a two-storey property. The retail area is extremely well stocked with a vast selection of everyday electrical goods for both the trade and general public. To the rear of the building, there is further storage, staff WC and office.
Residential Accommodation There is no residential accommodation for owners/management available.
Tenure We are advised that the property is held on a lease which has currently expired. We have been advised that the vendor has been in communication with the landlords who have advised verbally that they are prepared to grant a new lease to approved candidates at an initial rent of £14,000 to £15,000 per annum. Other terms to be negotiated.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an ideal opportunity for a hands-on operator to maximize profits and to move the business on to the next level, building upon the loyal and regular customer base which has been built up over many years which is only being offered for sale due to retirement.
A viewing is highly recommended to fully appreciate the business opportunity and location.
For more information about this property, please contact Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)
Contact Kings Business Transfer about this property
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