Electrical repairs/Electricians for sale in City of London

View the "Fantastic Mobile Phone Repair Shop" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £110,000 Turnover: £197,353 Gross Profit: £119,957
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Business Description
Business
Hilton Smythe welcomes to the market Phone Heroes.

Phone Heroes was founded by our client in 2012, they pride themselves on the on-demand repairs an array of popular handsets, including the full range of Apple mobile devices for a more fair and reasonable price than going direct to the manufacturer.

Phone Heroes is conveniently located inside the Earls Court Tube Station, where commuters can get their devices fixed within 30 minutes.

Earls Court Tube Station has an annual footfall of 20 million. Earls Court is an affluent area with a lot of young professionals living in the area, there is also a huge number of tourists visiting the area who always need sim cards, chargers, plug adaptors and cases. Less than a stone throw away from the station, Earls Court Village is under development with 1,300 new homes built right on the doorstep of Phone Heroes front door.

Not only does our client have a large database of individual customers who provide a lot of repeat business, they also have a number of corporate clients who utilise Phone Heroes services for their businesses, one corporate client generates over £12,000 per year alone.

Phone Heroes also have a 4.7 and 4.9 Google and Shopper Approved rating, their website also gets on average 3,500 new visits per month, www.phoneheroeslondon.co.uk

Phone Heroes is proudly sponsored by The Prince's Trust Foundation and have also found fame from being on the BBC when they were asked by ‘Fake Britain’ to investigate the differences between a fake iphone and a genuine one, they have also featured in the ‘Evening Standard’ who named Phone Heroes as one of ‘London's best iPhone fixers for smashed screens.’

They are also winners of the Greater London Enterprise Awards for the ‘Best Walk In Mobile Phone & Device Repair Company London 2017.’

As well as repairs, Phone Heroes also sell a selection of accessories for mobile devices such as; phone cases, tablet covers and chargers.

As well as the shop, they are also very active on social media platforms such as Facebook and Twitter. The website is very user friendly where customers are able to select the issue with their mobile device and choose whether to drop in to the shop and have it repaired or to arrange a courier or call out service.

Scope to Improve; Advertising and marketing campaign, maximise the use of social media and loyalty scheme.

Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest.

Location
Phone Heroes is situated along the A2230, Warwick Road inside the entrance to Earls Court Tube Station, London.

Earl's Court is a district in the affluent Royal Borough of Kensington and Chelsea in central London, bordering the sub-districts of South Kensington, West Kensington, Chelsea and Kensington.

Phone Heroes is ideally and prominently situated in the busy Earls Court tube station, which services the District and Piccadilly line, benefitting from very high levels of footfall and passing trade from commuters. Customers who are travelling by car can also take advantage of the metered on street parking adjacent to the business.

Earls Court has many attractions close by such as Earls Court Exhibition Centre, the former home of Freddie Mercury, Bramham Gardens and the former home of Princess Diana before her marriage to Prince Charles.

The A2230 runs up to North Kensington and down to the South Circular at Clapham Common.

Premises
Phone Heroes occupies the shop to the left of the entrance to Earls Court Station, directly opposite a small newsagents, Phone Heroes has a vivid blue sign above the entrance to the shop with their company name and logo.

The bijou premises is fitted out very tastefully with modern clean lines making the space very light and airy.

As you enter the shop you are greeted with a stylish bespoke kiosk area which also doubles up as the repair center behind the screen.

To the left of the shop is shelving where you’ll find a selection of accessories for customers to choose from, directly in front of you are more accessories hanging on the custom designed shelving area with a 55 inch TV screen above advertising the services that Phone Heroes provide.

Equipment included in sale; display unit, 55 inch TV, signage, shelving, tools for repairs, PC and Mac Laptop.

Tenure
We are advised that Phone Heroes is being sold as a leasehold business opportunity, the existing 6 year lease has approximately 3 years remaining and the rent is £17,500 per annum.

We are also advised that the business rates currently payable are approximately £3,800 per annum.

Hours
Monday - Friday 8am-7pm
Saturday 10am-5pm
Sunday 11am - 4pm

Sundays closed.

Staff
The business is run and managed by our client with the help of one full-time self-employed member of staff.

Financial Profile
Phone Heroes generates an advised current turnover of circa £190,000 per annum with a gross profit of circa £120,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04350
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