- Free Valuation
- Find Agents
Ref 6333 – Computer Accessories Wholesalers
Blacks Brokers are delighted to bring to the market this online wholesale electronics distributor operating from leased premises on Broughton Lane in Manchester close to Manchester City Centre.
Has been trading since 2003 and moved premises to Unit 10 Broughton Business Centre in 2017. The business sells and supplies a variety of goods from computer accessories to general tools, toys and electronics to both the retail and wholesale marketplace. Trading for many years, the business has built up an incredible reputation and has managed to secure an impressive credit line with its suppliers allowing the business to supply huge orders without affecting cash flow. This buying power also enables the business to access large stocks for next day delivery with significant discounts over normal trade prices, the margins are particularly impressive with cable and ink suppliers.
The business has created a huge contact list of trusted customers this has allowed the business to grow over the years through recommendations and referrals and of course repeat custom. Not only is there a strong relationship with the customers but also suppliers.
The business operates from spacious premises in Unit 10 within The Broughton Business Centre located on Broughton Lane just off Great Clowes Street (A5066). The business is perfectly placed to benefit from the close proximity to Manchester City Centre whilst being far enough away to enjoy low rent, reducing overheads.
Reason for sale
The business is only being offered for sale due to unforeseen medical issues and this has forced a reluctant sale of this impressive and long established business.
The business move to its current location in 2017. The rent is £14,000+vat per annum. The lease is a standard Fri (Full Repair and Insure) lease on a 3 year term commencing March 2017.
Building layout and design
The building is a terraced industrial unit on a corner plot and is located on the ground floor of the building. There is shared parking to the front of the building. Once inside the building there is a reception area for over the counter sales but essentially the property is used for operational and storage purposes as retail sales are at a minimum. Through to the rear of the building is large storage room and an office with toilet facilities.
The business has limited staff involvement as trade is essentially online and staff are used to fulfill orders. Due to our clients’ health issues family members are now helping to support the business but there are two full time members who are employed by the business. The role of our client would be that of operations and therefore any staff are used as support.
Annual Accounts Available Year End 30 Nov 2020Annual Turnover £367,995, Gross Profit Year End £48,890. The business in 2016 produced revenue of £1,500,000 showing the potential of the business with a owner actively involved in the day to day running of the business.
Currently our client does not pay any business rates for the property.
Is a well established electronics distribution business that has been trading since 2003. The business would ideally suit an entrepreneur who could look at investing in expansion by introducing an outbound sales department to secure new clients to add to the existing database. Revenue levels have been affected due to our client’s personal circumstances providing a new owner a lucrative opportunity to be actively involved in the business and instantly reinvigorate sales. The business is profitable and has a steady trading history. Early discussions are advised. Business: £69,950.
Open google maps for school/ public transport/ hospitals etc.