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Battery Retail Specialists - Oldham

Oldham, Greater Manchester, England

  • Leasehold Price: £100,000
  • Annual Turnover: £490,000
  • Annual Gross Profit: £195,000
Seller Reference: 7023
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Business Description
 
 
 
 
 
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Seller Reference: 7023
Request Details
Business Description
REF 7023 - Battery Retail Specialists Based In Oldham

Blacks Brokers are pleased to bring to the market an extremely well established leasehold Battery Retail Specialist based in Oldham, Greater Manchester.

INTRODUCTION

Griffin Battery Centre & Combat Alexander was established by our clients in 1982 quickly establishing itself in the sector. Griffin Batteries holds an impeccable reputation and has an extensive database of loyal, repeat customers. Griffin Batteries used to trade from 2 locations, Oldham and Bury. After a productive review of the business and its model moving forward, the sellers chose to run the business just from the Oldham store, benefitting from less overheads, increased productivity and generated more sales.

LOCATION

The business is situated along the main route into Oldham on Ashton Road. This generates a lot of passing customers and is positioned nearby to large multiples such as Park Cakes and Tesco Express. The area is well linked by the M60 and A62 very nearby. There is strong public transport links passing into Oldham and surrounding areas. There is also free parking with the immediate vicinity.

REASON FOR SALE

After a successfully extensive career within the battery sector, our clients wish to retire and offer the business for sale. The current owners are offering a full handover period to a new owner if desired.

LEASE

A full new lease will negotiated with our client upon sale of the business. We are advised that the rent will be between £120-£140 per week.

STAFF

Griffin Batteries currently employs two members of staff on a full time basis along with a part time account manager. The account manager will be retiring once the business is sold. The business is still working on the most effective and profitable use of the current staff members taking into account the issues and opportunities arising from the covid pandemic. The current owner has retained two very experienced staff members who between themselves have over 40 years' experience in the industry, a new owner could provide strategic management, vision and knowledge to develop the business further.

FINANCIAL DETAILS

Griffin Batteries has traded solidly since being established in 1982. Due to the COVID-19 pandemic, our clients made some significant changes which have benefitted the business and profits drastically. We are now advised that the business expects to generate approximately £490,000 annual turnover and £195,000 gross profit by the year end 30th April 2021. The business is positively trading towards exceeding its predictions for year end 2021. There is scope for a new owner to develop he business by introducing online sales, with the brand new website in place! Extensive amounts of previous years financials available upon request.

SUMMARY

This is an extremely well established business and boasts fantastic online reviews. Griffin Battery Centre has built loyal and repeat customers who rate the business very highly. There is huge scope for a new owner to develop the business further through the use of online sales and extensive marketing techniques. With our current clients intentions to now retire after an impressive 38 years of trade in the battery industry, creates an exceptional opportunity for a new owner to take the business further. Even during the COVID pandemic, Griffin batteries has traded solidly with a part time account manager and 2 full time members of staff. After a strategic look in to the business during 2020, the current owners saw an opportunity to increase trade and develop the business by closing the Bury site and running the business solely from the Oldham site. We highly advise early viewings on this fantastic opportunity.
Tenure:
Leasehold
Location Details:
Oldham
Listed by:
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