Property Information
Address:
Birmingham, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489557
Property Ref/Agent: 1785-long-established-pa-and-disco-equipment-retailinstallationrepair-business
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to introduce to the market Matthews Electronics.
This original business is one of the West Midlands premier specialists in the retail, installation, service and repair of PA equipment, lighting, karaoke and disco equipment.
The business has been successfully run and managed by the same family for some 80 years and is very well known and respected within the industry.
Revenue is derived from the businesses outstanding reputation and knowledgeable customer service.
With a long standing client base and much repeat trade.
Additional revenue is generated via the businesses website allowing merchandise to be purchased on-line.
Matthews Electronics installation service include factories, wine bars, nightclubs and public houses.
The business provides high quality merchandise with branded names such as Inmusic, JBL, DBX and are the authorized dealer for Pioneer.
We believe this highly profitable business could further extend its comprehensive services wider afield as currently the business focuses on the West Midlands due to our client's ill health.
With a marketing and advertising campaign to clubs and bars outside of the immediate area, we believe the scope to further increase the client base nationally is possible.
Early viewing of this unique and clearly sustainable business is highly recommended.TENUREWe are advised leasehold.
The original lease length is 10 years with 3 years remaining.
Rent is 2000 per month.HOURSThe business opens:-
Monday to Saturday 9.15am - 5.45pm
Sunday closedSTAFFThe business is owner run and managed with the assistance of 3 full time and 1 part time members of staff.FINANCIAL PROFILEThe business reports a healthy turnover of 368,000 per annum with reported gross profit at 46%
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