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Asking Price:
£139,000

Electrical Supplies Nottinghamshire Derbyshire Border Premium Advert

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Reference5831 / RightBiz
Status
FOR SALE
Advert ID194913
LocationUndisclosed, Nottinghamshire
SectorMiscellaneous Businesses, Wholesale Businesses, Electrical Retailers
Asking Price£139,000
Annual Turnover£316,521
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Key Features
  • Fully Fitted
  • Established Business
  • Accounts Available
WHOLESALE ELECTRICAL SUPPLIES

COMPANY ‘FOR SALE’ AS A GOING CONCERN

WELL ESTABLISHED/PROFITABLE BUSINESS

HIGHLY RESPECTED THROUGHOUT THE INDUSTRY

FULLY EQUIPPED & STOCKED PREMISES

EXCELLENT COMPANY ACCOUNTS

* * * * *
Ref: 5831

* * * * *

ASKING PRICE: £139,000 + S.A.V.
(REALISTIC OFFERS WILL BE CONSIDERED

* * * * *
This is a well-established reputable and growing business ‘for sale’. The business is conducted from well equipped premises within the heart of an industrial estate with easy access to Nottingham, Derby, surrounding areas and the M.1.Motorway.

The business generates its income stream from in the main ‘trade’ customers, but does offer a variety of products for the domestic market. The business stocks an extensive range of industrial and commercial products from leading brand manufacturers to include cables and accessories, heating & ventilation, lighting, circuit protection, alarms, electric showers, etc. etc. the product list is endless.

The success of this business has been built on the fast and efficient service it offers to all of their customers, both trade and domestic customers alike together with the high-quality product knowledge of the vendors.

This is certainly a ‘stand alone’ business in its own right but must also be an ideal bolt-on acquisition. The potential to expand the business and increase Sales (and Profits) must be huge. There is also a Trade vehicle included within the sale


The vendors have informed us they are prepared to offer a period of ‘oversee’ after completion to enable a smooth transition.




AN EARLY APPOINTMENT TO MEET WITH THE VENDORS IS HIGHLY RECOMMENDED


* * * * * * *
THE PREMISES
Off-street vehicle parking to the front of the premises (circa 4 spaces).
Entrance door giving access to: -


LOBBY:
With W.C. Off. Through to: -


RECEPTION:
11ft 2in X 9ft 6in. Reception Counter, display racking (products display) Off to W.C. with separate Washroom.



OFFICE:
10ft 6in X 10ft 0in. Usual office furniture and office equipment.


STORE ROOM:
34ft 6in X 22ft 0in (circa 760 sq ft) Fully racked for product storage. Kitchen area to one end.
Roller shutter at the rear giving access to: -


OUTSIDE:
2 Storage Containers (each approx’ 19ft 5in X 8ft) Rented on a monthly basis.


TENURE:
The premises are held by way of Tenancy Agreement.


E.P.C. RatingF

THE BUSINESS


TAKINGS:
The Sales for Financial Y/E 31st January 2017 were £316,521 net. Complete Company Accounts will be made available to genuine applicants
.

STOCK LEVEL:
We are informed by the vendors that the consumable level of stock to be in the region of £60,000 to £70,000 at valuation
.

TRADING HOURS:
8.00am – 5.00pm Monday to Thursday.
8.00am – 4.00pm Friday.


STAFFING:
2 Vendors plus 2 part-time assistants.


‘For Sale’ Subject to Contract.

N.B
Any person/parties wishing to discuss or meet the vendor(s) are requested to appreciate our client’s requirement of Strict CONFIDENTIALITY and the avoidance of disruption to the running of the business. We respectively request you NOT to approach the vendor\'s or any members of staff without first obtaining an appointment through our offices.

DISCLAIMER: The Marketing information prepared and supplied by RS BUSINESS TRANSFER AGENTS are purely as a guide and whilst every care is taken to ensure accuracy, no responsibility for errors or misdiscription is accepted by RS BUSINESS TRANSFER AGENTS or any of the firm’s employees. We recommend all intending purchasers satisfy themselves through their own enquiries and inspections that all information supplied by us, or contained within our literature is correct before committing themselves financially and before entering into any purchase/lease Agreement. All businesses, properties and or leases are offered subject to contract and may be withdrawn without notice at any time.

PHOTOGRAPHY: All photographs published within all advertising literature/websites cannot be guaranteed to be currently accurate and construed/interpreted as exact. In some instances we do have to disguise various items within photographs for confidentiality purposes. We advise all applicants/purchasers to make their own or other inspections before entering into any agreements/contracts.

Full Sales Literature Available upon Application
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