Hilton Smythe welcomes to the market Giftechs.
The business was originally founded by our client in 2017 and has quickly become very well known in the area, with a lot of word of mouth referrals and further benefits from ample passing trade due to its prime trading location.
The business offers an array of services including, mobile phone unlocking, repairs, tablet repairs, retail of phone accessories, sales of pre-owned phones and tablets.
According to the latest set of figures the business reports a healthy turnover in the region of £24,000 and benefits from minimal running costs with low rent and no business rates.
The store is well stocked and clearly set out and also included in the sale is the user-friendly website https://giftechs.business.site/?m=true. We believe a new owner should consider the below options to further revenue.
Advertising and marketing campaign
Maximise the use of social media
Extend the opening hours
eBay shop for reconditioned tech
Early viewing is highly recommended.Location
The business is located in the vibrant city of Bournemouth.
Giftechs occupies a prime trading location in a bustling main street with a constantly high footfall and passing trade throughout the day, located opposite the post office.
The shop is accessed from the main entrances upon a busy street.
The business benefits from ample parking in numerous car parks, all within easy walking distance.
The area has excellent public transport links and is very easily accessible with several A roads serving the city and linking the area to surrounding towns.Premises
Mid parade premise briefly comprising:
A generous sized store with vibrant signage clearly visible to passing trade.
• M pop Bluetooth till system
• All fixtures and fittings
All stock included is listed at a RRP of £60,000 and the owner is negotiable on price but looking to achieve £15,000 for the stock.
The store has a seperate WC and the total area is 17.13sq.m Tenure
We are advised the business is being sold as a Leasehold
Original lease length: 5 years.
Remaining lease length: 4 years as of 2019.
Rent: £400 per month.
NO Business RatesHours
Mon: 9:00 AM – 5:00 PM
Tue: 9:00 AM – 5:00 PM
Wed: 9:00 AM – 5:00 PM
Thu: 9:00 AM – 5:00 PM
Fri: 9:00 AM – 5:00 PM
Sat: 9:00 AM – 5:00 PM
The business is run and managed by our client.Financial Profile
Giftechs generated an advised turnover of circa £24,000, with around 50% net profit.