Tools And Welding Equipment Wholesaler | | Undisclosed Middlesex | | MIDDLESEX FREEHOLD TOOLS AND WELDING EQUIPMENT WHOLESALER Located on busy main road Specialisit in automotive, aerospace transport & shipping industries trade/retail sales split 25/75% 2 Bed accommodation A/T: Circa £149,488 GP: £77,992 Scope to advertise & offer deliveries F/H: £600,000 +SAV REF: 9918TW | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58903
ADVERT IMPRESSIONS : 5,051 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Tool Hire & Sales | | SALE: | Agent Sale | FREEHOLD: | £600000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business operates from a pair of converted semi detached houses situated on a very busy main arterial road in Middlesex.
HISTORY
The business was founded by the current vendor over 36 years ago
REASON FOR SALE
The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
The business specialises in the supply of all manner of tools for the automotive, aerospace, transport, shipping and construction industries
They supply air tools, cutting tools, hand tools, power tools, precision, aerospace tools and welding equipment, gases and consumables
The business purchases mainly from the original manufacturers and so achieves above average gross margins on a consistent basis
CUSTOMERS
The business has an excellent loyal and regular client database of many blue chip customers. These trade accounts comprise approx 25% of turnover with the remaining 75% paying via cash or credit/debit card on the day
Most customers are within an approx 30 mile radius of the shop
STAFF
The vendor works full time in the business with the assistance of one part time staff member
TRADING HOURS
Monday to Friday: 8.30am to 5pm
FINANCIALS
Annual Turnover circa £149,488
Gross profit circa £77,992
Stock holding circa £100,000
PREMISES
The business operates from a pair of converted semi detached houses which briefly comprise:
Centre entry door into the main sales/reception area
Pin hole wall hung stock on display all around the external walls, extensive rear racking with an Aladdins cave of stock, rear workshop and w/c
Rear fully fitted kitchen/dining room, bathroom
First floor, 1 double and 1 single bedroom
Outside large detached garage and the premises are alarmed
STRENGTHS
An extremely well established business
High visibility main arterial road location
Very regular and loyal customers
Above average gross margins as purchases from original manufacturers
Large stock holding ensures most items can be instantly supplied
No over reliance on any single client or market sector
The vendor is prepared to work with a new owner to ensure a smooth transition
SCOPE
Update the web site
Advertise to increase the customer data base
Offer a delivery option to customers
Employ a commission only agent to seek out new markets
TENURE
Freehold
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9918TW / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
