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BUSINESS REFERENCE : IG019 / RightBiz IG019-NORTHERN ENGLAND-£ 625,000-ELECTRIC ACCESSORIES MANUFACTURER AND DISTRIBUTOR | | | | | | Electric Accessories Manufacturer and Distributor Ref.IG019 Location Northern England Asking Price £ 625,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Electrical Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £625000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is an exceptional opportunity to purchase an established British manufacturer producing electrical accessories with a recognisable brand name.
The company manufactures a wide range of products on a made to order basis, which are supplied to their regular, repeat customer base of electrical wholesalers, distributors and contractors, predominantly within the UK market place.
Amongst the database of regular customers, the company have produced products for some of the UK’s best known brand names.
The business is profitable and easy to run with low overheads and works to simple business principles of providing an efficient, competitive and quality service to its customers.
Customer Service:
Customer service is paramount to the success of this business. This is a business that makes virtually all the products on a contractual made to order basis. They offer a wide range of products and aim to deliver bulk orders within 4-6 weeks of receipt of contract. Any stock items that are held will be delivered within 5 days of receiving the order. Customers are always commenting on the excellence of the service provided and the genuine flexibility of the company helps them to achieve their delivery goals. With production of goods on the premises, the company are flexible enough to manufacture to specific order requirements.
Key Strengths:
The key reason why the business has been successful and why their clients stay with them year in and year out, is they offer an excellent range of products, coupled with a reliable and consistent delivery record. Their customers trust the company to deliver, on time, in full, and error free.
The business has been developed in such a way so it can cater for the most demanding of clients. The infrastructure is in place with both its staff and manufacturing equipment to go forward to a higher level.
The reputation is such that the business enjoys very high levels of repeat business. The customer base is a mix that ensures a degree of economic resilience. There is excellent scope for growth for the company, and there is spare capacity within the factory
The business is well run, with an excellent team of skilled and conscientious workers, who pride themselves on the high standards they have set.
Growth and Expansion:
The company has spare capacity, throughout the year in the factory, and there remains scope for an increase in production to bring in further turnover and profits. This can be done by increasing the sales order book or by producing other complimentary products.
They have been trading consistently over the past few years and the current owner has maintained the business at a level that is comfortably manageable by him based on the current infrastructure. There is a definite opportunity to sell directly, their range of products to the major supermarkets and hypermarkets in the UK.
The company has a small marketing and advertising budget, obtaining the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided.
Key Opportunities:
This is an outstanding opportunity with the well established brand names, to build on the existing products, services and customer base of this business. With a strong demand for the product combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform. The plant has spare capacity and there is room for the company to increase the number of product lines they currently manufacture.
Geographically, the business is well positioned close by to a major motorway network.
Premises:
The business runs from a rented, industrial unit which measures circa 13,000 sq. ft. There is a large workshop with separate assembly and storage rooms with toilets and canteen area. There are spacious offices and showroom with room for growth and expansion
The rental agreement on the premises runs until 2009. Rent is circa £36,000 per annum, plus VAT with rates of CIRCA £14,000 per annum. Outside there is ample car parking space.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover is circa £600,000 per annum with Gross Profits of circa £190,000. Net assets, which include all tooling equipment and stock is circa £95,000.
Employees
There are two directors who run the business on a daily basis. One of which is the owner and the other director looks after the financial side of the business. There are five other employees including one who looks after the sales, and the other four employees are used in the production side of the business.
Support and Training:
The owner would be happy to help out with a smooth transition of the business and help in anyway possible.
Reason for Sale:
The owner would like to pursue other business opportunities and believes this would be a perfect time for someone to take the business onto the next level. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IG019 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
