Electrical Retailers for sale in Todmorden

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 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £240,000 Price Reduced Turnover: £62,692 Gross Profit: £13,072
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and respected electrical retail business in Todmorden, West Yorkshire.

The business was established by our client in approximately 1984 and is only now being offered to the market due to our client’s desire for a well-deserved retirement.  The business operates 5 days per week and generates a turnover in the region of £63,000 per annum, with a gross profit of approximately 21%.

Our client specialises in the sale and repair of televisions, holding direct accounts with Panasonic, Linear and Humax, as well as offering a good range of high quality radios with accounts with Pure Radio and Roberts. Other electrical goods are also offered for sale including lighting, kettles, toasters, vacuum cleaners and telephones, to name a few. In addition our client also offers the installation of TV aerials, satellite dishes and cabling.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

The property offers a spacious sales and display area to the ground floor and is well fitted to suit the trade. To the first and second floors are private living accommodation, with its own separate entrance, which could be used as owners’ accommodation or let out to generate further income.

We feel there is scope to increase the turnover by extending the opening hours and by embarking on a modest marketing campaign to highlight the goods and services offered. There is already a website in place to promote the business at http://www.videotel-tv.talktalk.net.

This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Videotel occupies substantial three storey premises, ideally located within the centre of the busy Pennine town of Todmorden, West Yorkshire. The property is located within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Todmorden is a popular market town in the Upper Calder Valley in Calderdale. According to the 2001 census, the town had a residential population of 14,941. Todmorden has several attractions, the foremost being a large town hall that dominates the centre of the town, as well as a museum, a library, a tourist centre and many independent retailers and cafes.

The area of the property is well-served by the public transport system, with several bus stops within easy walking distance. Todmorden railway station is just a two minute walk away. The area is also well-served by the A-roads, with both the A6033 and A646 within close proximity, which link to the national A-road and motorway networks. Halifax is approximately 12½ miles away and Manchester is 22 miles away.

PREMISES
Substantial three storey premises in an ideal trading location, briefly comprising:

Lower ground floor with:

Fitted kitchen with access to rear free car park.

2 x workshops, extensively fitted and equipped including thousands of spare parts.

Ground floor:

Large display widow.

Sales and display area, purposely fitted to suit the trade.

L-shaped serve over counter with 2 x electronic cash registers, credit/debit card machine and PC.

Adjustable wall shelving to perimeter walls.

First and second floors:

Large lounge.

Spacious bathroom with Connor bath, separate shower cubicle, airing cupboard and vanity unit.

3 x bedrooms.

2 x box rooms.

There is potential to convert the first and second floors into two self-contained flats.

External:

Large rear car park with free parking.

TENURE
We are advised Freehold

HOURS
The business is open:

Monday: 9.00am – 5.00pm

Tuesday: Closed

Wednesday – Saturday: 9.00am – 5.00pm

Sunday: Closed

STAFF
The business is owner run and managed with the help of his son.

FINANCIAL PROFILE
The business generates a turnover in the region of £63,000 per annum, with a gross profit of approximately 21%.



Tenure: Freehold

Listed by: Hilton Smythe
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