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Northamptonshire Hydraulic & Pneumatic Fittings Supplier with Growth Potential and Experienced Team

Undisclosed, Northamptonshire

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    24/04/24

  • Advert ID

    610308

  • Reference

    B06775 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £1,164,814 (£22,400 Per week)
  • Net Profit: Not Applicable

Business Details

Hydraulic and pneumatic fittings supplier

Business
A one-stop shop for pneumatic and hydraulic fittings that has grown to serve a loyal customer base by offering many related products such as janitorial supplies, PPE, electrical items and tools. A well-priced range and attentive service has seen this business upscale to larger premises on two occasions and there are real opportunities for it to grow still further.

Established in 2008, this successful Midlands-based business offers a complete pneumatic and hydraulic fittings and supply service to customers in the region.

A keen eye on opportunities to expand the range of products has seen it enjoy commercial success and twice move to larger premises, to accommodate growth.

It enjoys 80% repeat business, largely because it has developed a reputation for excellent customer service – free advice and expedited deliveries in case of emergency are standard.

The owners of this family business currently play an active role. However, they are complemented by a small team with many years of service who are well placed to help continue the business’s success.

Highlights - 

  • Wide range of products provide a complete service to trade and the general public.
  • Many active clients and 80% repeat business.
  • Experienced team, each with many years of service.
Opportunities -

  • More related products and ranges can be added to the existing list to consolidate the one-stop shop appeal and power further growth.
  • Current marketing is minimal, providing an opportunity to increase market share.
  • Room for expansion on site and at adjacent property.


Location
The business is located in the midlands. 



Premises
The business occupies a rented property.



Tenure
Leasehold, with a new lease and terms to be offered.



Hours
Given the nature of the business, it operates all year round. 



Staff
Experienced team, each with many years of service.



Financial Profile
  • Turnover as per 2022 - IRO £1,160,000 & Adj EBITDA IRO £200,000
  • 100% share sale.
  • Prospective purchasers will be required to sign an NDA.




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THIS BUSINESS IS NOW UNDER OFFER

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Stay Safe

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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