Mobility Aid Shops for sale in Ilford

View the "Well-Established Mobility Aid Business in Ilford, Greater London For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Marianne Ross (April 2014)
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Leasehold Price: £17,500 Price Reduced Annual Turnover: £55,000 Annual Gross Profit: £22,500
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established mobility aid business, which is ideally located within the town of Ilford, Greater London.

The business was established by our client in 2006 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £55,000 per annum, with a gross profit of 41%.

Our client offers a wide variety of mobility aids including mobility scooters, power chairs, wheelchairs (for sale or hire), bath lifts, rollators, rise and recline chairs, toilet aids, everyday living aids walking sticks, covers for scooted and wheelchairs and bathroom aids, to name a few, as well being an agent for Acorn Stair lifts.

The business has built up an enviable 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.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. The business would also benefit from the launch of a website to advertise the goods offered, which could incorporate online ordering facilities.

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

LOCATION
Perfect Mobility occupies substantial ground floor premises, ideally located within the cosmopolitan town of Ilford in the north-east of London. The business is situated within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on street parking facilities to the front of the premises. The area of the business is surrounded by densely populated residential areas, from which the business derives much trade.

Ilford is a large cosmopolitan town approximately 9 miles north-east of Charing Cross and is one of the major metropolitan centres identified in the London Plan. According to the 2011 census, the town had a residential population of 168,168. The town is a very popular place in which to live and work, due to its close proximity to London.

The area of the property is well served by the public transport system, with a bus stop directly outside the business. The nearest Underground station is Gants Hill, which is just 100 yards away. The area is also well served by the A-roads, with the business situated on the A123, which links to the national A-road and motorway networks with the North Circular and M11 being just one mile away. Romford is approximately 5½ miles away and the City of London is 13 miles away.

PREMISES
Substantial ground floor premises, ideally located within Ilford, briefly comprising:

Main sales and display area with:

High ceilings.

Display shelving to both sides.

Serve over counter with electronic cash register.

Secure stockroom and kitchen.

Staff WC.

External

Electric roller shutter to front.

Owners’ parking space to rear.

Customer car park to rear.

TENURE
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 2 years

Review every: 5 years

Rent: £13,500 per annum

HOURS
The business is open:

Monday – Saturday: 9.30am – 5.30pm

Sunday: 11.00am – 4.00pm

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of £55,000 per annum, with a gross profit of 41%.


Tenure: Leasehold

Listed by: Hilton Smythe
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