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Mobility Equipment Retailer Two Locations Walkers, Mobility Scooters & Stair lifts Wheelchairs, Access Equipment and Mobility Aids
Established for 20 years, this is a family run business that retails a wide range of mobility equipment including mobility scooters, walking aids, wheelcharis, stairlifts, recliner chairs, bathlifts plus ancillary products and accessories, all of which are displayed and sold direct to the public across Kent and the South East from the two retail showrooms.
The business is well respected within its field and offers to its client base quality products at competitive prices. This is a major point of success for the business as it remains one of the very few true independent suppliers, enabling the business to offer quality throughout and cater for the full needs of the individual client.
The business is a highly knowledgeable organisation, offering not only supply and repair services, but also skilled advice on mobility products and their usage. This has proved to be invaluable to their clients securing high levels of loyalty and repeat business; hence the year on year growth figures the business has produced.
The location of the business has had a large bearing on the business success as a good percentage of the demographic of the city are retired or elderly. The business has skilfully tapped into this increasing market, and this now shows in the upward trend of the revenue, and profits of the business.
The business s exceptional service and quality products have gained it an enviable reputation for offering a reliable and personal service at competitive prices.
The regular repeat business from the multitude of clients bears testimony to the business unrivalled reputation for always going that extra mile to ensure clients are happy.
The business has built a long standing trust with its client base, they rely on high levels of product knowledge and skilled advice, and this reliability has given the business its growth and quality status with both its customers and suppliers.
The business delivers at all stages of its dealings value, and a simple viewpoint that the customer needs come first.
• One stop supply for all client product needs.
• Low overhead cost and minimal staffing levels
• Potential for future growth
• High level retention of client base year on year.
• Niche market and recognised as expert within it
• Little competition in the areas
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.
Turnover for 2016 circa £383,225 per annum
Gross Profit of c £118,630
Net Profit £30,286
EBITDA £48,497 before directors’ costs
There are two leasehold premises, both on renewable leases.
Store 1: The annual rent is £11,000 paid quartly
The showroom is circa 600 sq. ft.
Store 2: The annual rent is £8,000 paid quartly
The double fronted shop premises is over two floors of circa 800 sq.
Both stores are secure with one having the additional security of CCTV cameras.
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 maximum advantage of this growth as it occurs.
With the management systems and product mix in place there is a high degree of repeat business, giving substantial returns, and a solid base in which to build upon.
Growth and new revenue streams can be achieved by the roll out of this already successful business model, to new retail outlets, and a greater presence on the web.
The business is fully independent offering and a one stop shop for all client needs and has a solid database of clients to build upon. The business is considered by its suppliers to be of a significant size, to achieve discounted buying levels.
The business advertises in local papers and on Yell.com. with word of mouth recommendations producing high levels of both new and repeat custom. There are strong development opportunities available through investment in updating the website to a more modern and bespoke web presence to include online sales.
The owner is now looking at semi-retirement.
Monday – Friday: 09:30am – 05:00pm
Saturday: Store 1- 09:30am – 04:00pm
Saturday: Store 2- 10:00am – 03:00pm
The vendor will offer to the new owners a full and comprehensive training and hand over program to facilitate a smooth transfer and continued growth of the company.
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