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AD023-Distributor of Professional Audio and D J Equipment

Asking Price: GBP 540000
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Business Location: United Kingdom » City of London » North London 
Category: Retail » Miscellaneous Retail
Description:
Distributor of Professional Audio and D J Equipment
Ref. AD023
Location : North London
Asking Price : £540,000
Following in excess of 23 years in trading and retailing high-end Audio Visual equipment, the vendor established this stable and growing business in 2005 to focus on the Professional Audio and D.J equipment sector.

From the outset the business has focused on its reputation for delivering all types of equipment, including hard to find and discontinued items. Alongside the major OEM electrical companies, and the high-end niche manufactures, the business stocks from a wide range of suppliers across the industry. As such they have developed a true one-stop shop for the AV installer, Professional D.J., and Nightclub / bar looking to source and implement the best equipment in the market.

The business sells mostly through wholesalers and distributors, with some direct retail orders. Approximately 25% of orders are for the U.K. market, with 75% destined for Europe. They have agreements in place with some major continental distributors, including Germany’s largest retailer.

The business has won a number of exclusive sub-distribution agreements with niche high-end manufactures for U.K. and Eire. Also with the amount of trade the business is capable of, they are continually offered “Direct Dealership” opportunities with major brands such as Sony, Panasonic and Pioneer. Should the retail operation be expanded, this can easily be capitalized on.

The business is currently located in a large and flexible building in North London, allowing for storage and warehousing on-site, with office space and a small retail area. The business can be re-located, the vendor is open to leasing the premises at market value to a new owner, or selling the freehold of the building.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 1000000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: na
Year Established: 2005
Is Relocatable?:
 Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Reasons for selling:
 After many years in the trade building a successful business, the vendor is looking to hand-over the company on an upward trajectory to someone who can take things to the next level. He is looking to enjoy a great work / life balance and pursue other business interests.
Market competition and expansion:
 The business has maintained a constant presence in the marketplace over the years, with regular stands at U.K. and German exhibitions. They provide promotional material with every order delivered, and take regular advertising in trade magazines. The customer database is comprehensive and allows for both traditional mail, and e-mail shots to existing clients and registered users.
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