Featured Brokers
CONFIDENTIAL SALE
FOR SALE
18/04/23
511880
GD125 / Rightbiz
Asking Price: £500,000
(up to £350,000 finance available to approved borrowers)
Location: North West
Asking price includes:
Net Asset Value of c£509,000
Current & Projected Turnover: c£2,700,000
Gross Profit: c20%
Current & Projected Net Profit: £150,000 after all costs
Excellent customer base
A very straight forward and comprehensive business
Business Profile:
This exceptional plumbing and heating supplies business operates from a trade counter on an industrial estate in the North West of England. Adjoined to the trade counter is a well presented warehouse which boasts excellent storage and comprehensive levels of stock.
It has a fleet of vehicles that provide trade deliveries throughout the North West.
Customer Service:
Customer service is paramount. This is borne out by the retention of many long term trade accounts.
Key Strengths:
It operates from a prominent trade counter and storage unit. A smooth trading history is its major key strength.
Financial Performance:
2022-23 Projected Turnover c. £2,700,000
Gross profit c.20%
Projected Net profit after all costs: £150,000
Advertising and Marketing:
The company relies on word of mouth and tele-sales, and a sales representative on the road for its marketing. It also has a website which would be considerably improved with a shopping facility.
Premises:
A trade counter and warehouse held on a 7 year lease with a right of renewal, commencing on 1.3.21. The rent is £30,000 VAT per annum plus rates of c£13,000 with rent reviews on 01/03/24 & 01/03/27 there is a total area of approximately 7,800 sq.ft. There are believed to be 7 designated parking spaces outside the shop.
Employees:
There are 6 full time employees. The business is run under management by a manager with many years’ industry experience.
Asking Price:
The asking price of £500,000 is for 100% of the issued share capital of the company. We are advised that the NAV includes c£569k of stock and £719k of trade debtors which are subject to an invoice discounting facility.
Our recommended finance brokers have advised that up to £350,000 of acquisition finance should be available for this purchase to approved borrowers.
Financial Information:
The issued share capital of the company 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 NAV of the Company is c£509k excluding a shareholders loan of £450k. It is proposed that the buyer will loan the agreed purchase price to the Company to enable it to repay its existing shareholders’ loan and then acquire the shares for nominal value.
Reason for Sale:
No longer a strategic fit for the parent company.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Established Plumbing and Heating Supplies Business - GD125 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.