Niche LED Lighting Distributor Business for Sale in Southampton, Hampshire - Relocation Possible
Southampton, Hampshire
- Status
FOR SALE
- Date Submitted:
09/11/23
- Advert ID
602391
- Reference
M35899P / Rightbiz
- Call Agent:
- Asking Price: £145,000
- Turnover: £259,353 (£4,988 Per week)
- Net Profit: Not Applicable
Business Details
NICHE LIGHTING DISTRIBUTOR
Highly profitable NICHE LIGHTING DISTRIBUTOR, specialising in LED, in particular commercial flexible LED tapes. Currently based SOUTHAMPTON, business not location dependent, and can be RE-LOCATED either regionally or nationally. Administered from the vendors home with separate storage facility nearby which can be made available to new owners if required, alternatively can be amalgamated with another business or be totally home based, with only approx. 250 sq. ft. storage space/double garage required.
A solid respected business, priding itself on quality and service, predominantly operating on a business-to-business basis, holding valuable client base, includes both national and independent electrical wholesalers, electrical contractors, construction firms and architects. Covering all aspects of lighting to include industrial, commercial and residential, completing projects for major corporations, also supplying associated products/accessories to include home automation.
An easily manageable efficiently run highly regarded business, no staff required, working favourable/flexible hours, and could be operated by a couple, benefiting from limited competition. Sales 2023 £259,353 ex Vat, Gross Profit £127,676 (49%), minimal overheads, results in adjusted Net Profits in excess of £100,000 ensuring a most comfortable living. Currently operated at a level to suit lifestyle of vendor who is looking to retire, minimal advertising/promotion undertaken, huge scope to increase customer base and boost sales further.
Price £145,000 sav Ref: M/WD35899P
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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