London Computer Repair & Reseller In Wandsworth, For Sale
Main Road Trading Location
Annual Turnover £176,222
Gross Profit £100,499
Professionally Branded & Presented
Customer Database of £2,500+
Plenty Of Scope For Growth
Potential To Increase Trading Hours
EPC – D
REF 6488 – Leasehold Computer Repair & Reseller
Blacks Brokers are pleased to bring to the market this leasehold computer repair and reseller located in a busy and much sought-after area of Wandsworth, Greater London.
Computers Inc Limited was established by our clients in 2006 to meet local demand for computer repairs. Due to expansion, the business moved to its current premises in 2014 and has since become well known in this area, with a large base of customers and a reputation second to none. The business is a drop off shop for computer repairs and also offers refurbished laptops and desktops for sale. Our clients also offer home visits, IT consultancy and software sales as required. This is the only business of this nature in this area and the business has gained a database of over 2,500 customers. Custom is generated by word of mouth, the excellent trading position and a comprehensive website. The business also has a number of ongoing IT support customers.
The business occupies a prominent trading position on East Hill in Wandsworth, South West London. This area is well linked by the A3 and A217 with excellent public transport links and parking is available in the immediate vicinity. Wandsworth is a densely populated area with a good mix of both commercial and residential properties. Other businesses in this area include a busy Co-op, pharmacy, beauty salon and newsagents.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operating team, however our client is looking to emigrate and therefore the business is offered for sale. It presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is five years with rent reviews every 36 months. The current lease began in 2017 and runs at a cost of £265.38 per week.
BUILDING LAYOUT AND DESIGN
Computers Inc Limited operates from the ground floor of a well presented, mid terraced property within a busy parade of shops and businesses. The business is very well branded with large signage displayed above a fully glazed frontage. Inside, the main shop is presented to a high standard, with retail area and customer service counter. Beyond the retail area to the rear of the space is a fully equipped computer workshop with three technician’s stations. There are also staff toilet facilities. The basement included in this lease is of a similar size to the ground floor above which also contains two rooms which are currently used for storage. These could easily be converted and used as additional workshop space or training rooms. The upper floors of this property are not included in the lease and are currently privately let flats.
The business is currently operating with our two clients only in employment. Our clients are able to offer a handover period if required to ensure a smooth transition for clients and the new owner – giving reassurance that the momentum of success can be continued under new ownership.
Computers Inc Limited has traded solidly since opening and has shown healthy growth year on year. We are advised that the business currently has annual turnover of £176,222 with gross profit of £100,499 and a net profit of £59,462. Full financial details are available upon viewing, there is room for improvement with regards to the yearly expenses, our clients have advised us that potentially £14,000 could be automatically turned into profit with the dispose of any unnecessary assets or with a tighter control of the business.
This is an excellent opportunity for someone with experience and a background in computer sales and/or computer repairs to take on an established, profitable and very professionally branded and presented business that has an excellent reputation and sizable customer database. There is plenty of scope to develop the business further and there are even more income opportunities through the conversion of the basement to accommodate additional workshop space and potential for a training room for IT classes/clubs. Currently, the business only repair and resell laptops and desktops. Revenue could also be increased with the addition of tablet and mobile phone repairs and resell.