Other Retail businesses for sale in Leicestershire

View the "Profitable Audio Equipment Company *Asking price includes stock*" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £110,000 Price Reduced Annual Turnover: £195,000 Annual Net Profit: £15,000
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Business Description

Intelligent Business Transfer are excited to offer to the market this very rare opportunity to purchase a profitable audio company in Leicestershire.
Wilmslow Audio has been trading for almost forty years, and within this time has gained a superb reputation whilst growing on a month-by-month basis. The business Annual Turnover for last year was £195,000 with an impressive adjusted net profit figure.

Wilmslow offers its private and commercial clients services including the repair and maintenance of audio equipment plus the sale of certain equipment. The business has a large database of customers and has a great reputation with customers and suppliers alike.

The business has the perfect foundations for success and also offers a potential buyer several ways in which they can improve the impressive financial figures. One way in which this could be achieved would be to advertise more effectively. The current financial figures have been achieved with very little advertising and due to the limited competition; they would significantly improve their sales revenue if they advertised more effectively. The financial figures of this business would also improve if there was a review of the company’s pricing structure to be in line with competitors.

The company’s current Annual Turnover is in the region of £190,000, however they have consistently hit the £200,000 mark in previous years. The business also has an impressive adjusted net profit figure in the region of £50,000.

It is with a heavy heart that the current owners are looking to sell the business due to retirement.

The business would suit an entrepreneur or company with the drive and energy to manage this busy company and implement the changes mentioned above. The current owners are willing to offer a buyer a transitional period in which they will be shown how the business operates and introduced them to its current clients and suppliers. We strongly recommend an early viewing to appreciate what is on offer and to avoid disappointment.
Number of Employees: 2

Tenure: Leasehold

Listed by: Intelligent Business Transfer
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