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Established business operating in a niche market distributing hoses, connectors and fittings Essex

Undisclosed, Undisclosed
Leasehold Price:
£279,000
Status
FOR SALE
Advert ID
245477
Reference
AD044 / Rightbiz

A long established business operating in a niche market distributing hoses, connectors and fittings for the air and fluid industry
Ref. AD044
Location : Essex
Asking Price : £279,000 plus NAV

Turner Butler has been appointed to invite offers of purchase of the issued share capital of this very well established business which offers a broad range of products and technical knowledge  to its customers.

Business Profile

This long established business offers a unique service bringing together a broad range of products and technical expertise. The company distributes a wide range of adaptors and fittings, pipe fittings, hose, tubing, valves, clips and clamps. It`s procurement expertise ensures best value for money across its entire catalogue.

Customer Service:

Customer service is paramount and is borne out by the very long standing relationship with the company`s loyal and trusting customer base.

Key strengths:

A long established and tested business model operating in a very niche sector. The company enjoys strong repeat business.

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.

Turnover c. £573,000
Gross profit c. 33%
Net Assets: £79,575
Adjusted net profit c. £130,000

Asking Price:

The asking price of £279,000 NAV is for 100% of the issued share capital of the company. Assuming net assets of approximately £79,575 on completion (calculated on a zero cash-zero debt basis ). The company has significant cash at bank balance which is not reflected in the asking price.

Advertising and Marketing:

The company enjoys a very low advertising spend and relies heavily on its loyal customer data base and excellent levels of ‘word of mouth recommendations.

Growth and Expansion:

Annual revenue has remained historically consistent. A trade purchaser of the business could boost revenues by introducing their own customer data base. This business operates in a very niche sector with limited competition.

Premises:

There are no long term lease obligations. This business is fully relocatable. In any case the current rent is very low at £6,000 per annum.

Employees:

The business is managed on a day to day basis by the current owners and one full time member of staff.

The adjusted profit figure is arrived at after imputing a salary to replace one of the two owners.

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

Retirement

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Leasehold Price: £279,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Wholesale Businesses, Miscellaneous Businesses
Financials
Annual Turnover: £573,000
Annual Net Profit: £130,000
Key Features
  • Attractive Business
  • Retirement Sale
  • Company for Sale
  • Established Business
  • Unique Business
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: AD044 / Rightbiz

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