Domestic Appliances for sale in Birkenhead

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Adam Warren (Jan 2017)
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Asking price: £179,500
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Business Description
With an established rental book worth £210,000 in Gross Contract Receivables, the Birkenhead franchise of Local Appliance Rentals is in need of a full-time owner who can dedicate the time necessary to handle new customer growth.

This business is ideal for an investor looking for the security of a franchise without the challenges typically associated with a new startup. The current franchisee has worked closely with the Local Appliance Rentals sales director to establish the business and build the rental book to £210,000, which the directors feel compliments the franchise offering. The business now needs full-time stewardship from a partner who can make the most of the opportunity in this area, either as an owner-operator or under management.

The business is producing a gross income of £75,000, and there’s significant room to increase this in the right hands.

All of the marketing and setup costs incurred in the startup phase have been spent, so the risks to a new entrant have been reduced significantly. The new franchisee just needs to run Birkenhead as a going concern, and build on what’s already been established.

Local Appliance Rentals is a low-competition, low-overhead, high-margin business. There’s no fleet of vans or retail premises to pay for, and you’ll make a great return on your investment, but you do need to commit full-time to the business. We’ll be looking for a franchisee who has the time and resources needed to handle the incoming customer growth, and move this territory’s figures from ‘good’ to ‘great’.

The major benefit of buying Birkenhead as a going concern is the existing rental book, worth £210,000. The business has a solid base of customers, thanks to the time and marketing efforts that have already been invested, so it’s primed for expansion.

As a new member of the Local Appliance Rentals family, you’ll receive the same Head Office training you would expect if you were moving into a new franchise territory. The existing franchisee will also walk you through a 60 day transition period, so that you can truly hit the ground running and make the most of the business that’s already there.

This is a self-sustaining business where your rental income keeps rolling in week after week. With Local Appliance Rentals, if you follow the system on a full time basis, it’s realistic to assume that you can build a business with a rental book of £250,000 or more inside 24 months. Birkenhead is already well on its way to achieving that goal.

If you’re interested in this business, please contact the franchisee as soon as you can using the contact form.

Find out more about this business opportunity.

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