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Thu, Oct 17 2019 08:20:06 PM  |  /

Mobility Equipment Retailer Walkers, Mobility Scooters & Stair lifts Wheelchairs

Business Id:000353     |    Reference: GN012
Leasehold Price:
£130,000.00
Business Description

Mobility Equipment Retailer 
Two Locations 
Walkers, Mobility Scooters & Stair lifts
Wheelchairs, Access Equipment and Mobility Aids
Ref. GN012
Location : Kent
Asking price: £130,000 + SAV

The business is well respected within its field and offers to its client base quality products at competitive prices. This is a major point of success for the business as it remains one of the very few true independent suppliers, enabling the business to offer quality throughout and cater for the full needs of the individual client.

The location of the business has had a large bearing on the business success as a good percentage of the demographic of the city are retired or elderly. The business has skilfully tapped into this increasing market, and this now shows in the upward trend of the revenue, and profits of the business.

The business s exceptional service and quality products have gained it an enviable reputation for offering a reliable and personal service at competitive prices.

The business has built a long standing trust with its client base, they rely on high levels of product knowledge and skilled advice, and this reliability has given the business its growth and quality status with both its customers and suppliers.

Key Strengths:

• Low overhead cost and minimal staffing levels
• High level retention of client base year on year.
• Little competition in the areas

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Gross Profit of c £118,630
EBITDA £48,497 before directors’ costs

The asking price of £130,000 is for 100% of the issued capital of the company assuming Net Assets of £22,000 on completion (calculated on a zero cash-zero debt basis).

The business advertises in local papers and on Yell.com. with word of mouth recommendations producing high levels of both new and repeat custom. There are strong development opportunities available through investment in updating the website to a more modern and bespoke web presence to include online sales.  

The current market for this business s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Growth and new revenue streams can be achieved by the roll out of this already successful business model, to new retail outlets, and a greater presence on the web.

Premises:

The showroom is circa 600 sq. ft.

Store 2: The annual rent is £8,000 paid quartly
Both stores are secure with one having the additional security of CCTV cameras.

Monday – Friday: 9.30am – 5pm
Saturday: Store 2 10am – 3pm

The owner runs the business supported by 4 part time sales staff.

The vendor will offer to the new owners a full and comprehensive training and hand over program to facilitate a smooth transfer and continued growth of the company.

The owner is now looking at semi-retirement.

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 

Business Information
Turnover:£383,225.00 Annually
Profit:£30,286.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Mobility Aid Shops, Mobility Equipment
Statistic Information
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