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Rental book of Claridge Electricals Ltd

Reference
D7333
Turnover
£0.5m to £1m
Sector(s)
Retail & wholesale, Service industries
Region(s)
East Midlands, West Midlands
Added
17 November 2020
Offers required by
November 20, 2020 - 12:00pm

Business description

Following the appointment of the Liquidator the opportunity to purchase the rental book of the above Company, a commercial and domestic appliance retailer established over many years, is offered to the market.

Investment

  • Rental book consisting commercial laundry equipment, domestic appliances and televisions
  • Circa 1,300 domestic and commercial accounts generating a total gross rental income of circa £270,000 per year
  • The agreements have terms ranging from 52 weeks to 156 weeks
  • Mainly Midlands based customers
  • Rental book now available as an Excel Spreadsheet – following the receipt of a signed NDA

Sale Method
To protect the value of the rental book, it is proposed that any sale will need to be agreed and moved to completion as a matter of urgency.
Following receipt of an expression of interest and a signed Non-Disclosure Agreement, further information will be provided. After executing the NDA all interested will be given the opportunity to inspect the source material paperwork at our Nottingham office to include the hire agreements strictly by appointment only on Wednesday 18th November 2020. Our Covid 19 protocols will apply and must be adhered to.


Offers for the purchase of the rental book, by way of email, need to be submitted by the deadline below;

Offer deadline: 12.00 noon on 20th November 2020 

Completion of Sale: Close of Business 24th November 2020

Disclaimer

This information which does not proport to be comprehensive, has been provided by our client and has not been independently verified.  No representation or warranty, express or implied, is or will be given by our client, its directors,  employees or advisers or any other person as to the accuracy or completeness of this information and so far as permitted by law.

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