business for sale

Mobile Phone Retailer

Businesses for Sale

Sale Memorandum

Mobile Phone Retailer


Ref.ID010

Location Essex

Asking Price £ 190,000

Confidential offered for sale

Turnover circa £260,000 per annum
Gross profit £130,000 per annum
£50,000 recurring income from existing contracts
Superb prime high street position
Established loyal client base in excess of 1,000 clients
Outstanding relationship with suppliers
Excellent opportunities for future growth and further expansion
21 years of successful trading
Reputation for reliability, customer service and trustworthiness
Computerised client database
Full training and handover
Significant goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

Established in 1986, this family run business sells and repairs mobile telecommunications. They are an O2 branded supplier and trade with both corporate and private customers, with a breakdown of 60% of corporate and 40% private trade clients.

The business offers customers a range of telecommunication products and services and have connected hundreds of active customers, including high profile businesses. The business operates from a superb central high street location in Essex and benefits from the footfall of passing trade as well as it’s own repeat customers, in fact some corporate customers have bought over 100 phones from this well respected company.

The company uses a fully computerised database to store all client information and accounting.

Customer Service:

The business manages hundreds of customers including many key accounts. The knowledgeable staff deals with customer queries thoroughly and efficiently.

The company is well known for it’s fantastic reputation in this competitive industry, and believes that it’s service is second to none.

The company has earned an outstanding reputation for its honesty, service, reliability and customer satisfaction. This has resulted in very high levels of customer loyalty.

Key Strengths:

The business is an autonomous organisation where the business owner has, over the years, developed business operations on a day-to-day basis. This has resulted in customer relations founded on a history of trading satisfaction, which is not contingent upon the presence of the owner.

The business is well established and highly profitable, with a strong and growing customer base managed by a comprehensive and sophisticated blend of management expertise and technology.
Growth and Expansion:

The current market for this business is growing and is forecast to continue to grow significantly in both the medium and long terms by the emergence of new technologies.

Business operations are not yet at maximum capacity, and there is considerable scope to increase both revenues and profits by gearing operations in line with current and forecast market demands.

Business Hours:

Monday to Saturday 9.00 am to 5.30 pm
Key Opportunities:

This is an outstanding opportunity to build on the existing services and customer base of this business. With a strong demand for services, combined with a capacity to increase turnover further, a new owner contributing fresh initiatives will have every opportunity to build on an excellent platform.

The firm maintains an extensive base of satisfied customers who appreciate the company's superior levels of customer service. There are many excellent avenues for growth, especially in the light of current marketing methods and other initiatives not yet implemented.
Premises:

Situated in a prominent high street position in Essex ,the business operates from 670 square feet comprising of a shop floor area of approx. 300 square feet including a window display area of approx. 50 square feet offices approx. 190 square feet workshop area approx. 85 square feet WC and kitchen area approx. 45 square feet

The premises are leasehold with five years remaining on the current lease. Annual rent is charged at £17,500 per annum with additional rates charged at £4,800 per annum.

Security:

The business benefits from a security alarm system and CCTV in operation 24 hours a day.
Advertising and Marketing:

The business has made limited use of advertising to date. Instead, new customers are introduced mainly by pro-active referrals telemarketing and word of mouth recommendations. There are excellent opportunities to increase revenues by marketing more aggressively.
Financial profile:
The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Current turnover is circa £260,000 per annum with gross profit of £130,000 per annum and £50,000 recurring income from existing contracts
Employees:

The current owners are active within the organisation and are supported by 1 full time and 1 part time sale’s assistant.
Support and Training

Full support and training will be provided to the successful purchaser
Reason for Sale:

This is a genuine retirement sale.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

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Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

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