Hilton Smythe is delighted to introduce to the market Matthews Electronics. This original business is one of the West Midlands premier specialists in the retail, installation, service and repair of PA equipment, lighting, karaoke and disco equipment.
The business has been successfully run and managed by the same family for some 80 years and is very well known and respected within the industry. Revenue is derived from the businesses outstanding reputation and knowledgeable customer service. With a long standing client base and much repeat trade. Additional revenue is generated via the businesses website allowing merchandise to be purchased on-line.
Matthews Electronics installation service include factories, wine bars, nightclubs and public houses. The business provides high quality merchandise with branded names such as Inmusic, JBL, DBX and are the authorized dealer for Pioneer. We believe this highly profitable business could further extend its comprehensive services wider afield as currently the business focuses on the West Midlands due to our client’s ill health. With a marketing and advertising campaign to clubs and bars outside of the immediate area, we believe the scope to further increase the client base nationally is possible.
Early viewing of this unique and clearly sustainable business is highly recommended.
The business is located just on the edge of the City of Birmingham in the West Midlands.
Occupying a prominent corner position on a busy main road junction. The business is clearly visible to the heavy passing traffic and is in close proximity to the bustling shopping centre with its host of retail outlets, restaurants and bars. The bus station, railway station and main motorway links in the Midlands are also within the vicinity.
The business benefits from shared forecourt parking and pedestrian crossing to the frontage ensuring ample passing trade.
Multi-fronted corner premise briefly comprising:-
3400sq ft showroom with large glass frontage with merchandise displayed. Good clear signage, security shutters, cctv and alarm system in situ.
Well presented open plan retail sales area, with several display stands including Numark and Pioneer. Glass display units exhibiting mixers, turntables and accessories. Large speaker display area and lighting display area.
To the rear are two offices, kitchen and toilet facilities.
The business benefits from a shared forecourt parking area.
We are advised leasehold.
The original lease length is 10 years with 3 years remaining.
Rent is £2000 per month.
The business opens:-
Monday to Saturday 9.15am - 5.45pm
The business is owner run and managed with the assistance of 3 full time and 1 part time members of staff.
The business reports a healthy turnover of £368,000 per annum with reported gross profit at 46%
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