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Distributor of Professional Audio and D J Equipment

London, England

  • Leasehold Price: £540,000
  • Annual Turnover: £1,000,000
  • Annual Gross Profit: £200,000
Seller Reference: AD023
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Business Description
 
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Seller Reference: AD023
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Business Description
Following in excess of 23 years in trading and retailing high-end Audio Visual equipment, the vendor established this stable and growing business in 2005 to focus on the Professional Audio and D.J equipment sector.

From the outset the business has focused on its reputation for delivering all types of equipment, including hard to find and discontinued items. Alongside the major OEM electrical companies, and the high-end niche manufactures, the business stocks from a wide range of suppliers across the industry. As such they have developed a true one-stop shop for the AV installer, Professional D.J., and Nightclub / bar looking to source and implement the best equipment in the market.

The business sells mostly through wholesalers and distributors, with some direct retail orders. Approximately 25% of orders are for the U.K. market, with 75% destined for Europe. They have agreements in place with some major continental distributors, including Germany’s largest retailer.

The business has won a number of exclusive sub-distribution agreements with niche high-end manufactures for U.K. and Eire. Also with the amount of trade the business is capable of, they are continually offered “Direct Dealership” opportunities with major brands such as Sony, Panasonic and Pioneer. Should the retail operation be expanded, this can easily be capitalized on.

The business is currently located in a large and flexible building in North London, allowing for storage and warehousing on-site, with office space and a small retail area. The business can be re-located, the vendor is open to leasing the premises at market value to a new owner, or selling the freehold of the building.
Number of employees:
The business employs the vendor as Managing Director of the company.
Tenure:
Leasehold
Competition:
The business has maintained a constant presence in the marketplace over the years, with regular stands at U.K. and German exhibitions. They provide promotional material with every order delivered, and take regular advertising in trade magazines.
Support and Training:
The owner would be happy to help with a smooth transfer of company ownership and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.
Location Details:
North London The business operates from Freehold premises owned by the vendor . A lease can be discussed if required or alternatively the vendor owns the freehold of the premises, which could be made available under separate negotiation. The business could also be relocated.
Is this business relocatable:
Yes
Listed by:
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