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Mobility Equipment Retailer
Two Locations
Walkers, Mobility Scooters & Stair lifts
Wheelchairs, Access Equipment and Mobility Aids

Ref. GN012

Location : Kent

Asking Price : £75,000 + SAV

Turnover : £383,225

Net Profit : £30,286

Gross Profit : £118,630

EBITDA : £48,497

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price: £75,000 + SAV

Asking price includes:

Turnover for 2016 circa £383,225 per annum
Gross Profit of c £118,630
Net Profit £30,286
EBITDA £48,497 before directors’ costs

Established and highly regarded specialist retailer
High quality supplier base
Repeat client base
Internet website
Goodwill

Business Profile

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.

Customer Service:

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.

Key Strengths:

• 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

Financial Information:

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

Asking Price:

The asking price of £75,000 is for 100% of the issued capital of the company assuming Net Assets of £22,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

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.  

Growth and Expansion:

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.

Premises:

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.

Business Hours:

Monday – Friday:     09:30am – 05:00pm
Saturday: Store 1-   09:30am – 04:00pm
Saturday: Store 2-   10:00am – 03:00pm

Employees:

The owner runs the business supported by 4 part time sales staff.

Support and Training:

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.

Reason for Sale:

The owner is now looking at semi-retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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 Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk