Hilton Smythe welcomes to the market Whatever Laptops. The business was originally established by our client in 2012. The owner is now looking to sell the store due to the desire to focus on other business interests.
The business specialises in the sale and repair of laptops and computers. Trade is split 90% service and repair and 10% retail sales. They sell reconditioned laptops, accessories and spare parts. Our client also offers home visits for repairs.
The current turnover for the business is an advised turnover of around £50,000 per annum with a great gross profit of 59%. This is a good turnover however we feel this could be increased in several ways.
The business does have an eBay shop, which is included in the sale. The eBay name is Laptops Hailsham. This is a great way of gaining custom from a more further afield. This is a well-known business in its location that receives repeat loyal trade.
The store has a Facebook page from which they promote products available. They also advertise special offers and events to their 90 followers. There isn’t a business website which could be something the new owner looks to develop. A great online presence is key to expanding custom.
We are advised the store has very recently been fully-refurbished with new storage units and a central island work space. The store looks presentable and modern. Everything in the store is included in the sale including stock.
This is an excellent business that has been run to a great standard. Our client would like to offer the purchaser a hand over period to ensure the transaction runs smoothly. Hilton Smythe highly advise early viewing to take in the full potential of this business.
Whatever Laptops is located in Hailsham, East Sussex.
The business is situated directly across the road from a large Tesco store. Next door to the premise there is a barbers and a charity shop. In the area are a range of retail stores due to the town centre location. The road on which the business is located is just off the main high street in the town. The road runs off the A22 which is an A-road from Eastbourne into Croydon. This is a great location as there is always a high amount of footfall.
Directly facing the shop there is a bus stop which has regular routes into surrounding towns. The combination of road links and public transport makes this area great for commuting. The centre of London is approximately just a 2 hour drive away.
The business boasts an eye catching premise. The front of the property is lime green and comes fully signed.
On entrance there is the large open plan trading area. This is a clean open store that looks tidy. The stock is laid out around the perimeter on bespoke shelving. There is a seating area for awaiting customers to the left. In the centre of the room there is a counter with bar stools and computers, this is used as a work station. To the rear is the main service counter, where repairs take place. This is a modern well-kept premise.
Equipment included in the sale is as follows-
3 Touch screen all in one pc’s
Pull down screen
32 Inch wall mounted flat screen tv.
We are advised the business is leasehold.
Original lease length: 1 year
Remaining lease length as of 2016: 1 year
Rent: £5,400 per annum
The business opening hours-
Monday - Friday: 10am – 5pm
Saturday - Sunday: Closed
The business is run and managed by our client with the help of 1 apprentice.
The business generates a turnover in the region of £50,000 per annum.
Gross profit 59%
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