Domestic Appliance Retailer in Leicester with 23 Years of Experience

Description

White Goods Retailer – LeicesterBusiness OverviewThis established independent retailer specialises in graded white goods, offering a wide range of appliances at reduced prices. Stock includes washing machines, dryers, washer-dryers, fridge freezers, American-style fridges, cookers, range cookers, ovens, and hobs in both freestanding and integrated models. All products come with a warranty, providing customers with reassurance while maintaining strong value.The business sources stock at 20-25% of retail prices, allowing sales to the public at 30-40% below brand new items, with potential gross margins up to 100%. Current stock is valued at just over £100,000 plus VAT. Delivery and fitting services are subcontracted, offering potential for additional income if brought in-house.LocationThe business has been operating in Leicester for 23 years, benefiting from a prime location with high foot traffic and a convenient bus stop directly outside. The store has a strong local reputation and a loyal customer base.Operations* Two staff members currently employed* Fixtures and fittings can be included in the sale* Training and handover support provided by the current owner* Opportunities to increase turnover via online presence, digital marketing, and B2B partnershipsFinancial Profile* Annual turnover: £225,000* Forecasted profit: £35,000* Leasehold price: £25,000* Annual rent: £18,000Opportunities for Growth* Establishing an online store and digital marketing* Bringing delivery and fitting services in-house* Expanding B2B partnerships* Enhancing product range and bulk discount offeringsThis business represents a profitable and low-risk opportunity for a new owner to step into the domestic appliance sector with an established brand, strong supplier relationships, and significant potential for expansion.