Profitable Independent Audio Specialist Retailer For Sale

Business Description

Trading as an independent high end audio and AV dealership the business offers a comprehensive range of highly sought after and very selective branded audio equipment. This includes amplifiers, turntables, speakers, headphones, support furniture, wall and freestanding acoustic products as well as complete audio systems. A wide range of accessories are also available. The main brands held exclusively by the business in a locally defined area include Esoteric, Ayre, ATC, Avid and Brinkman. The vendor advises that the customer base is broadly 50% East Anglia, North and East London and 50% elsewhere and of these some 50% represents repeat business customers in terms of upgrades etc and 50% new customers. The vendor believes an in depth knowledge of the various equipment is not necessary to be successful in this business.

Property Information

Property:

Leasehold

Lease terms:

The vendor advises the premises are held by way of a renewable lease due to expire in January 2011. The vendor has agreed in principle with the landlord for the lease to be renewed at the same rent.

Location:

This successful business is very well located in the city centre area of Norwich close to the shopping malls and trades from terraced Georgian style premises situated in a main street location.

Other Information

Expansion potential:

The vendor believes that in the right hands the business has enormous potential and is capable of generating considerably more sales and profits particularly from the website that can easily be adapted for online sales and more strategic advertising to reach the non specialist customer.

Reasons for selling:

The vendor wishes to pursue other interests.

Trading hours:

Monday to Saturday inclusive 10.00am to 4.00pm.

Fixtures value:

Undisclosed

Stock value:

Undisclosed