Electrical Retailers for sale in Manchester

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Imran Ahmed (Nov 2014)
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Freehold Price: £229,950 Turnover: £250,389 Gross Profit: £84,710
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Macsen Lamps.  .

This is a unique opportunity to purchase this long established thriving business due to our clients pending retirement.  The business reports a generous turnover of around £250,400 with a respectable gross profit at circa 34%.  

The business boasts a loyal and long established client base.  The customer base includes Motor factors, motor cycle shops and garages, boat builders, car and commercial garages, body shops,  fleet owners, bus and coach companies, local authorities, emergency services, caravan workshops, tow bar and trailer centres.  Our client looks after the customer base, making regular visits to each customer trying to gain extra orders with the majority of orders taken over the phone.

Macsen Lamps deals exclusively with trade customers in the auto and marine trades.  Our client opened the business in 1982 and in 1984 obtained a distributorship from Top Lamp, a recognised brand trading throughout Europe as the leading independent auto bulb supplier for the replacement market and enjoy E1 approval from the internationally recognised authority KBA in Germany.

Continued expansion into new products has culminated in a 22 page catalogue which can be viewed and down loaded from the recently updated web site. Our client also supplies a full range of auto cables and since our client added an extensive range of thin wall and welding cables, boat builders have now been added to the customer base, probably accounting for 30/40% of turnover.

Macsen Lamps supply auto bulbs and cable, auto electrical and workshop consumables including nitrile and latex gloves, across most parts of North West.

We feel there is tremendous scope for any purchaser to take over and expand the existing customer base through a professional marketing campaign and which we believe could easily double the existing customer base.  A new owner could also up sell the existing product range to customers and expand out of the North West to other regions.

LOCATION
The business is located in the inner-city area of Harpurhey, around 3 miles away from Manchester City Centre and approximately 5 miles from J20, M60 offering excellent motorway access.

Macsen Lamps occupies a prime trading location on the arterial A664, a well-used commuter road into the city.  The business is situated in a busy retail parade within a heavily populated area ensuring excellent footfall and heavy passing traffic throughout the day.

The business benefits from regular bus services passing by and a parking layby directly to the front.

PREMISES
Originally purchased in 1991 as a retail shop with 4 bedroom living accommodation, the property has been renovated and modified to suit the business and the owner’s requirements. This mid parade three story property is double glazed and gas central heated throughout, and has a security alarm fitted. Maintained to a pristine standard with security gated entrance to rear of property.

Ground

Doorbell entrance through to trade collection counter, behind which are 3 stockrooms with Dexion type shelving. The third stockroom, with delivery bays, gives access to the rear yard which offers private loading.

First

Office, purpose fitted, including 4 desks, 2 new HP computers operating on Sage 22 and Windows 7, filing cabinet, gas fire and walk-in stationery cupboard / cloakroom.

Bathroom with vanity unit and w/c. Partially tiled.

Kitchen / Diner with modern wall and base units. Plumbed-in washing machine, vented dryer,

4 ring gas cooker with extractor hood, fridge / freezer, table and chairs. Partially tiled.

Lounge for owner’s private use.

Second

Large double bedroom with laminated floor, Dormer window to front and Velux windows to rear. En suite shower room with large corner shower, toilet and wash basin.

Parking lay-by to front.

Security gated entrance to rear.

Private rear yard with double gates.

TENURE
We are advised freehold.

HOURS
The business opens:-

Monday to Friday 9.00am – 5.00pm

STAFF
The owner works full time and is assisted by his daughter / manager who has 20 years of service and knows every aspect of the business. There is one other full time employee and two part time delivery drivers.

FINANCIAL PROFILE
The business reports a generous turnover of around £250,400 with a respectable gross profit at circa 34%.  


Tenure: Freehold

Listed by: Hilton Smythe
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