Perfectly Positioned Mobile Phone Retailer
Also provides Internet Café and exclusive, high value, premium mobile telephone numbers - Stock value: circa £1,000,000
Ref.ID009 Location London, Central LondonAsking Price £ 185,000Confidential offered for sale | |
Asking price includes:
Superb central London location
Six years of successful trading
Excellent opportunity to grow
Successful range of products
Trusted and respected name
Established customer base
Excellent stock holding
Wealthy clientele | | 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: | This busy and popular mobile phone store retails high quality, “Sim free” mobile phones & accessories and also provides an excellent after sales service. Discrete services include account management and invoice management, for its comprehensive list of wealthy clients. Established in 2000 the business has traded in the locality for 6 years and as such is considered a part of the fabric of the local community, generating significant passing trade.
Under the current ownership since its inception, this significant and well respected, high street enterprise boasts an excellent reputation for the quality and variety of its products, brands, services and reliability.
Under various initiatives the vendor has broadened the range of stock considerably, with mobile phones and accessories that meet the valuable customer’s needs for contract free mobile use and releases the time starved customer from the need for managing their own invoices by managing them on the customer’s behalf on an account basis. Established for six years this business guarantees exclusivity and quality, with the latest designs, in many attractive forms and from the most popular brands.
In addition to the retailing of “Sim free” mobile phones the business also offers the immediate vicinity’s only Internet Café, situated within the premises, below ground in a well appointed basement area and numbers 12x seats.
The business’s regular high net worth clientele often not only require managed accounts and contract free mobile freedom but telephone numbers that guarantee status. The business is able to offer from its extensive stock a choice of premium mobile phone numbers that are easily and simply recalled and have more than sufficient rarity to provide the essential and unique status.
The stock of premium numbers at the current time is valued at approximately £1,000,000.
The mobile phone brands stocked by the business include: Samsung, LG, Nokia, Siemens, Sony Ericsson, Motorola, Palm Treo and Blackberry.
The business enjoys a prime high street location in one of the busiest and most famous high streets in the UK, which is experiencing considerable civic and commercial development and investment including a landmark residential development for some of the world’s wealthiest individuals. The business’s turnover benefits from its prominent position among other successful and well-known high street stores, banks and building societies and from the substantial volume of passing trade and also the referrals generated by the business’s satisfied customers.
The products are displayed in attractive, bespoke built cabinet settings that provide the customer with all that they require. This is an opportunity for those who wish to have a prominent presence in London, possibly to grow or consolidate a regional position or to start in the trade with the benefit of a successful established business. | Customer Service:
The business offers high quality customer care from friendly staff, and considers simply that happy customers come back. That simple basis has maintained levels of product and service that guarantee happy customers. This retailer has built its reputation through its commitment to the key balance of high quality and customer value sufficient to exceed all expectations.
Key Strengths:
This store is well known and well established and aims to encapsulate quality, fashion and individuality. The business has been built on an enviable reputation and strong product range, this has resulted in customer relations founded on a history of trading satisfaction.
The business is profitable, with an ever increasing customer base and retains a high level of return custom, of whom a great many have done so on a regular basis and over many years.
The company has earned an outstanding reputation for its honesty, service and reliability excellent quality products and highly knowledgeable and experienced staff. The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of margins at no loss to custom - a clear competitive advantage.
Key opportunities:
This business is ideal for a socially adept business owner who is motivated, willing to promote the establishment with a stronger marketing campaign and that can tap their creative capacity to grow the firm successfully. There is unlimited potential within this business, further growth could be achieved by strengthening the portfolio and appealing to the younger professional market. Strategic introduction of Internet trading and an increase of inventory will offer this established business tremendous upside potential. The current market for this business's products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take advantage of this growth as it occurs. | | Premises:
The business is located in an easily accessible and well known area in London. The premises have capacity for expansion and development of the sales floor, should a rethink of the selling area be considered. If required the office facility above the shop could easily be converted into extra retailing space but currently offers not only a more than adequate administrative environment but also outstanding views directly to Hyde Park through a large and attractive picture window. The store has highly visible signage, well-organized storage, well-lit window displays, counters, mirrors and consultation desks and lounge allowing customers to select the perfect item. The premises are leasehold with 7 years remaining and the rent is currently circa £47K per annum including the display area, office and storage. | Advertising and Marketing:
The business has used no advertising and there are excellent opportunities to introduce this and an Internet service to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its strong service culture and its excellent reputation for quality and service and strong word of mouth recommendation. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, enjoys a stable portfolio of valuable account customers, high gross and high net profit and has shown consistent strong growth in profits.
The current turnover is circa £750,000 per annum generating net profits of circa £300,000.
Full financial information is available, subject to the confidentiality letter being returned. | Employees:
The business employs friendly and professional staff that include, 3 full time sales assistants. | Support and Training:
The vendor is happy to provide a full business familiarisation training and handover period for the new owner to provide continuity of trading. | Reason for Sale:
The business is now on the market due to personal reasons. | | 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. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. 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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