Mobility Scooter And Supplies Company UK Wide For Sale
Price:
Leasehold - £1,200,000
Business Type:
Service Businesses
This is a superb business opportunity to acquire one of the UKâ??s leading mobility scooter specialists which not only has a unique position within its industry, but its own well know and reputable scooter brand.
The business was established 11 years ago and has grown to be a market leader in the sales, distribution and maintenance of mobility scooters across the UK.
The tremendous growth of the business, along with the accolade of being one of the UKâ??s largest mobility scooter suppliers can be put down to the companies industry leading standards.
The business has a UK wide coverage, whereby the businesses consultants will visit clients at their homes, in order to ascertain their needs and provide all their mobility supplies. This unique approach cuts overheads dramatically as their is no need for physical offices across the country.
The business has a well established brand which is well known and well respected throughout the industry.
Currently, the business is ran with a solid staffing structure consisting of 16 full time members of staff.
The company has a large client base, many of whom use the business on a repeat basis.
A large proportion of the income comes through Motobility, a non profit organisation who refer business to the company. Approximately 1500 clients are on a 3 year leasing agreement through this scheme, of which around 80% will renew their contracts and therefore the business has a tremendous sustainability for ongoing sales.
Whilst a large proportion of the business is done on the hugely profitable leasing schemes, the business also has a sales department which is approximately 25% (TBC)of the total turnover.
The business has a reasonable asset value at approximately £75-100k including vans and fixtures and fittings. The business also has a stock value in the region of £150,000, both of which are included in the sale price.
The company has advertised hugely during its growth periods, including a popular television advert which really brought the brand to the next level.
Whilst the company, alike many businesses, has felt the turn of the recession, it has most certainly come out better for it. With sales expected to rise from 2010-2011, and the net profits to increase substantially, the business is in a superb position for immediate growth.
Being within a growth industry with a never ending need for its services and products, this business should grow comprehensively in the short term, as well as offering substantial return on any investments.
Their is terrific scope for developing the business, this would include the expansion of and the implementation of an e-commerce website as well as growing the hugely profitable leasing side of the business.
The current owners are now looking to sell the business due to retirement and having had 11 very successful years from the business.
We believe this business would be an ideal bolt on opportunity to any purchaser looking to move into this hugely profitable sector.
Early interest is advised .
North Yorkshire
£ 750,000
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