Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold basis) an exceptionally well run and performing, “turn key” electrical supplies and general hardware business with an excellent reputation.
The business has been placed on the open market as it’s our clients desire to take well-earned retirement after many successful years of trading.
Pearson’s Electrical has been operating under the careful and meticulous ownership of our client’s family for over 100 years and who has grown the business to an impressive level with turnover and profit levels growing steadily.
The Business offers wide and varying range of products from electrical goods, sockets, lighting, cables, TV and satellite accessories, hardware, plumbing supplies, gardening products along with decorating supplies including wallpaper & paints but to name a few items included in the vast array of stock.
The business has built up an excellent reputation within the area and further afield, for the very high quality of products & knowledge offered, which has resulted in a very loyal client base, with a high volume of footfall and passing trade.
We feel there is scope for a new owner to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent products on offer, along with the introduction of a dedicated website for a click & collect service & to highlight the business.
Another avenue to increase turnover would be the introduction of an online shop via the likes of eBay & Amazon
The business is immaculately presented and is truly one of the finest “turn key” operations available to purchase.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointmentLocation
The business is situated on the busy & popular Moncur Street (G40) just a short distance from the famous Barras Market in the Gallowgate area of Glasgow.
Due to location, the business benefits from a high level of footfall / passing trade and is exceptionally busy at weekends.
The Barras is a major street and indoor weekend market in the East End of Glasgow. The term "barra" is Glaswegian dialect for "barrow", relating to the market's early years, where traders sold their wares from handcarts.
In recent years the area has had a significant investment from both public & private bodies for the regeneration of the area, this is something that is actively ongoing & will only benefit the local area in the long term
The city of Glasgow is a thriving mixture of university campus sites, bars, restaurants, gallery’s, theatres & major retail facilities, with the business easily being within a short drive to the city centre making the location of the business exceptionally attractive to potential purchasers.
The area is very well serviced in terms of local amenities, a wide selection of independent businesses & has excellent public transport links to all other parts of the city.
Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre.
The city offers many amenities for a wide range of cultural activities, from curling, opera, ballet, sporting events & major music events.Premises
The business is in a substantial ground floor traditional, double fronted retail unit extending to 259.94 m²and briefly comprises
Two service counters either side of the main entrance, 1 x retail & 1 x trade counter with storage.
Main shop area is fitted with perimeter shelving & racking along with centre display stands. There is a decorating section located within the main store that has a separate service counter with electronic till, along with a modern paint mixing machine.
To the rear of the premises there is a wallpaper showroom, with various wall mounted displays along with its own service counter.
Further storage can be found located to the rear of the premises along with a substantial floored attic area that is currently used for stock storage.
The premises further benefit from a kitchen area along with staff W/C.
Externally benefiting from substantial metal shutters to windows & main entrance, with CCTV and intruder alarm system also fitted.
On street parking can be found to the front of the business with further car parks located in the surrounding streets
The business is well signed & is easily visible in a prime trading locationTenure
• We are advised that tenure is on a Freehold basis
• No RatesHours
Monday – Friday 0945 – 1645
Saturday - Sunday 0945- 1630Staff
The business is currently run and managed by the current owner and 1 staff memberFinancial Profile
Figures Will Be Made Available to Interested Parties Post Viewing