This is a superb opportunity to acquire a well-established, supplier and repairer of power tools in Reading, Berkshire. The business is available on a leasehold basis.
The business operates as a leading retailer and repairer of all the leading makes and models of power tools to their loyal customer base. The vendor has skilfully developed long standing relationships with key suppliers in their industry and is an approved dealer for nationally recognised brands. They sell a wide range of products from table saws, angle grinders, and belt sanders to hand tools, welding equipment, and industrial protective clothing. Their power tool showroom is the largest of its kind in the whole of Europe!
They have a loyal customer base and supply both domestic and commercial clients alike.
The business has been established since 1980 and has experienced substantial growth on an annual basis since then. They have built up an excellent reputation amongst the local community and are considered a household name in the town. One of the key reasons to their success is their team of experienced, knowledgeable staff who are always on hand to offer advice on their vast range of products and services. They can also boast a loyal customer base which has resulted in a vast amount of repeat and recommended business which has led to impressive financial figures over a sustained period.
The store has a prominent location on a busy industrial estate in the town and the vendor has skilfully combined the character features of the property with modern fixtures and fittings.
• Exceptional reputation
• Loyal Customer base
• High quality premises
• Excellent relationships with key suppliers
• High Quality, reliable staff
• Established since 1980
• High turnover – £1,327,000 (approx.)
• High Adjusted Net Profit
• Excellent location
• Huge Potential
• Car parking outside
It is with a heavy heart that the current vendor is selling due to a retirement. Due to the nature and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking for an established business within the retail sector or an existing business looking for a lucrative acquisition.
This business has experienced a substantial amount of interest at an initial stage, so to avoid disappointment, please contact us for further information.