Financial Details
Asking price: £119,950
Sales revenue: £172,300
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
We are delighted to offer for sale this established computer sales and repair business.

The company was acquired by our client back in 2002, and during his period of ownership, the business has enjoyed a significant expansion. It is now being sold, as the vendor is looking to pursue alternative business interests in the south.

The business offers a very personal and bespoke service to its established customer base. This involves building new PCs and laptops to customer specifications, along with ongoing maintenance and repairs as required. This can involve work undertaken in the shop, but many visits are undertaken to customers’ home or business premises.

Around 75% of the work is undertaken for private individuals, with the remainder being made up of work from small businesses locally.

In addition to this core business activity, there is a retail element which contributes sales of around £4K per month.

Competition locally is extremely limited, with only one similar business in the town operating at a much more modest level.

The business also benefits from a website.

Various PCs are included within the consideration price.

The business participates in the Trust A Trader scheme and enjoys excellent reviews on line.

The business is run by the vendor, supported by one full time technician and 2 part time staff.

We are advised that the stock holding is around £4K and the vendor would be happy to assist the new buyer with a handover should this be required.
REF: 9535SG


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).



DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon –Fri: 9.00am – 5.30pm Sat: 10.00am – 5.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 4 years Remaining lease: 2.5 years Review every: 4 years Rent: £13,000 We are advised that the annual business rates are currently: £300 per month
Location:Our client occupies a retail premises close to the centre of Hitchin, in Hertfordshire. Sited on a principal trading street, there are a range of independent businesses close by, including a hair salon, café, bookshop, and various shops given over to clothing retail. There are a large number of offices in the immediate vicinity, and there is a delightful public park at the top of the street. There is street parking to the front of the shop.

Hitchin supports a population of around 30, 000 and is an important centre locally. The town centre is busy, and boasts a good mix of both independent and multiple retailers. There is a railway station, which affords excellent commuter access to London. The town has a large number of residents employed in the City of London, but with offices at home. The A1M motorway runs past Hitchin from London, some 25 miles to the south, and is accessed from Junctions 8, 9 and 10. London Luton airport is easily accessible.
Premises Details:A large retail shop with office space to the rear. Basement workshop.

Ground Floor
• Window Display
• Large retail area with racking and shelving appropriate to trade
• Large double desk
• Office to rear
• WC

Basement
• Fully equipped workshop
• Separate storage area

External
• Pavement to front
• Parking to rear
Expansion potential:• Website development • Focus on larger businesses to include work on servers • E commerce development • Advertising, promotion and marketing
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