Business Hilton Smythe welcomes to the market Ifix, which was established by our client in 2015, our client will be moving abroad upon completion of the sale of the business.
Ifix is a repair centre that mainly deals with Apple products and mobile phone repairs. The business is being sold with two websites, the main one being , which has lots of local traffic recording approximately 3000 hits per month, and approximately 50000 per year (information taken from Google Analytics.) This has an online booking and payment system.
The other website is another repairs website mainly aimed at the market from across the country with a postal element to it.
Feel free to check out both of the websites to get a greater understanding of the business model.
The business is located within a few hundred metres of a local supplier meaning most screen repairs can be carried out within an hour, this is one of the companies usp’s.
Apart from the websites the majority of the new business comes from word of mouth as Ifix has built up a strong reputation within the area.
The business has seen exponential growth since its inception in 2015, from a business run from a bedroom to one with two websites, walk in custom and a greater income.
There is further scope for development of the business by:
•Looking at the pricing strategy, currently one of the most expensive in the area •Introducing a Groupon campaign •Local advertising campaign
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Ifix is located in the city of Norwich, Norfolk on the northern side of the city centre in an office space within a business centre.
There are local car parks and many bus links to the office, which is approximately a 10 minute walk from the city centre.
Premises The business is based on the ground floor of a business centre which has the following facilities.
Communal manned reception open Monday – Friday 9-5, although there is no restrictions to the opening times of the office, which can be used 24/7
Communal Kitchen on the first floor
Communal toilets on each floor
The office itself comes carpeted and heated with blinds at the windows and has a desk, chairs and storage shelving.
All heating, water and electric is included in the monthly rent
Tenure We are advised the business is being sold as a Leasehold business opportunity with a renewable 6 month lease at £3120 per annum which is paid monthly at £260. This includes all utilities and use of all communal areas.
Hours The business opening hours:
This is due to the opening hours of the business centre, however, there are no restrictions on working times and the entrance door can be opened remotely by Ifix from the office
Staff The business is run and managed by our client.
Financial Profile Ifix generated an advised turnover of £43,048 for the calendar year of 2017 accounts, with a gross profit of £30,231 and a net profit of circa £27,000.
However, the accounts for January and February of 2018 show pro rata figures of £53,220 turnover and £35,826 gross profit
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