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BUSINESS REFERENCE : GE36 / RightBiz NORTH WEST-OWN LABEL WHOLESALE & DISTRIBUTION OF CERAMIC TILE ADHESIVES & SEALANTS | | | | | | Own label wholesale & distribution of ceramic tile adhesives & sealants Genuine “lifestyle business opportunity” Confidentially offered for sale Ref. no: GE036 Location: North West Asking price £115,000 +SAV | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £115000 | | | | | | | | | | | BUSINESS DETAILS: | This simple and robust home office based business was founded in 1996 by the vendor after a successful career in the industry and has grown since to become a significant and respected enterprise with a reputation for the quality of its popular, trusted products and service, its honesty and reliability.
The business offers a comprehensive range of own brand tile adhesives and sealants products to the construction industry. This business is highly regarded and considered by customers to be a leading specialist in Sealants, Adhesives and Foams and with over 10 years experience in the market knows everything there is to know about all the different types of products available. With their knowledge and expertise they can recommend any type of sealant or adhesive for any application.
The business currently operates from a home office location in the North West which could easily be run from any part of the UK and prides itself on its ability to meet the largest of customer orders and to also be small enough to offer a personal service and dedicated contact responsible for ensuring that deadlines are met. The business has the technical capacity to increase customer orders and activity, since this business is run for the benefit of the vendor who chooses to manage this controlled level of turnover within current operations.
For more than 10 years, the company has been offering a comprehensive range of specialised products to a loyal and long term customer base.
The business is further supported by exemplary relations with personally vetted, key suppliers who have helped to ensure that delivery is never compromised and that customers are never let down. This commitment to supply chain relationships combined with significant industry knowledge has underpinned this business’s abilities in customer service and forms a part of its growing reputation.
With the benefit of a comprehensive product portfolio and highly effective sales and management the best quality products through all business areas has been maintained; the business has as a result also maintained significant control over costs in a demanding market.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for further growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Business operations are not at maximum capacity through choice. The current owner has managed the business to date in such a way so that it only requires 2 and a half days a week to ensure current operations are run effectively. In fact the company has declined “new business” opportunities in the past. These opportunities still exist and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with current market demand, should the new owners wish to do so.
Customer Service:
The business manages many customers in any normal week and has the systems, processes and people to ensure that both supply and customers’ orders are satisfied. The most important aspects of customer management and satisfaction considered by the business are flexibility and reliability leading to problem solving. This approach is responsible for the business retaining many of its customers over the long term.
Key Strengths:
The business is an organisation where the business owner has, over time developed and nurtured business and customer relationships founded on trading satisfaction and therefore is completely re-locatable to any part of the UK and capable of operation under any new management.
The business is well established and very profitable with sustained margins, and a strong, growing customer base, happy with the high quality value products. The business retains a very high level of repeat custom, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions, excellent quality work, ability to deliver multiple orders, cost control and highly skilled, experienced support organisations and suppliers.
Key Opportunities:
This is an opportunity to build on the existing products, services and customer base of this company. With a strong demand combined with a capacity to increase turnover, a new owner contributing fresh ideas and more time will have every advantage of building on an excellent platform.
There are also some exciting new “niche” products that are available to the business from their current supply base. These represent excellent new revenue streams and would complement the existing range of products the business currently offers its clients.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s products and service. There are many excellent avenues for growth, especially within operations capacity, an investment in marketing & sales and market forecasts which are showing trends for growth and development.
Premises:
The business is located in an easily accessible area in North West England with its many key road transport arteries and is managed from a home office.
Employees:
The business employs the vendor only who is responsible for day to day business operations.
Advertising and Marketing:
The business has never felt the need to advertise in the past. There are excellent opportunities to develop this activity in line with new niche product offerings the company has at its disposal. Any future investment in such sales promotion and marketing to new and existing markets would significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and has been used until now as a means of vetting suitable customers.
Reason for Sale:
The business is for sale as result of the vendor’s wish to follow other interests in retirement.
Financial Information:
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 business is financially stable with no borrowings, very low overheads, positive cash flow, enjoys a strong order book, good gross profit and has shown consistent growth over 10 years trading.
Sales revenue is circa £200,000 per annum with circa £40,000 net profit and our client feels that with amendments to operations capacity and the investment in time and marketing, combined with an increase in market demand the business could dramatically increase its revenues with a turnover figure of £1million achievable in 2 to 3 years.
Support and Training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GE36 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
