Summary
- Asking price:
-
< £200k
- Sales revenue:
- < £200k
- Net profit:
- < £100k
- Years established:
- 3.5
- Employees:
- 2
Business description
Profitable and well established mobility shop with no direct competition. Located in a prime indoor shopping centre with ample parking close by. Selling a full range of mobility products, low overheads and high repeat custom. Lots of potential to further increase the turnover.
Property information
- Property:
- Leasehold
- Lease terms:
- £8000 per annum
- Location:
- The business is ideally situated in the town’s only indoor shopping centre with ample parking including numerous disabled spaces only 50m away. Newbury is a large affluent town with good transport links including a main line railway station.
Other information
- Expansion potential:
- With very little advertising in the last two years the business relies on word of mouth and repeat custom. In our opinion there is huge potential to focus on local advertising and greatly increase the turnover.
An immense opportunity exists to build on this unsurpassed reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used, including the local press, a direct sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.
The current customer base could be further developed for marketing purposes.
Currently this is no online presence and this area could be greatly exploited with the introduction of an online shop.
- Competition / Market:
- Established in 2004 the business is highly regarded and has a large and loyal customer database.
The business holds accounts and has excellent relations with all the leading mobility suppliers. It supplies a full range of mobility aids Inc mobility scooters, wheelchairs, bath lifts, rise/recline chairs, walking aids, bath aids, household aids and stair lifts.
Currently the business offers a limited hire service and this is a further area which could be further exploited.
The business is run my 2 part time staff with the owner having very little to do with the day to day running of the business. In our opinion this is an excellent opportunity for an owner operator to come in and build on the business's strong reputation.
- Support & training:
- The owner will provide full business familiarisation, training and handover.
- Reasons for selling:
- A stage has been reached where the owner wishes to concentrate on other business interests and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.
- Trading hours:
- 9:30-5pm Mon-Sat