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Distributor Of Professional Audio And D J Equipment for Sale

London

Leasehold : £ 540,000

Premises are a real strength of this business. Ideally located on a busy main road/high street that is close to nearby large Towns and Trunk Roads and a busy thoroughfare in its own right the business is very well known and accessible. The premises is split between two buildings, the first has High Street frontage, with reception, parking, MOT Bay, basement storage access, is floor to ceiling glazed and would make a fine display area.

The MOT Bay leads through to the rear building, that houses the main workshop, a second office, toilet facilities, customer waiting area, parking and has full, metalled off road access to the main high street and trunk roads. This second building has planning potential for conversion to residential use.

Distributor of Professional Audio and D J Equipment
Confidentially offered for sale
Ref No: AD023
Location: North London
Business 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.

Trading Hours: Monday – Friday: 9:30 am – 5:00 pm

 
Staffing: The business employs the vendor as Managing Director of the company, who is currently responsible for all export sales. In support are thee full-time employees, 1 U.K. Sales Manager, 1 Warehouse Manager and 1 Accounts Supervisor. There is also a part-time office administration assistant.
 
Tenure: The front part of the premises are leasehold. Current rent and rates are circa £14,000 p.a.
The lease is renewable and for 10 years, with a 5 year break clause.

The front building, including basement is circa 2,900 square feet in area and the rear building, including the first floor waiting area is circa 1,200 square feet.

A comprehensive valuation report is available for the Freehold building.
 
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27 Advert ID 49288    Sellers Ref : AD023 /BSOL

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