Established Automatic Door Installation & Supplies Business for Sale in City of London
City of London, London
- Status
FOR SALE
- Date Submitted:
14/02/23
- Advert ID
508375
- Reference
B06479 / Rightbiz
- Call Agent:
- Asking Price: £69,995
- Turnover: £155,608 (£2,992 Per week)
- Net Profit: £36,960 (24% Profit margin)
Business Details
Well established Door Installation & Supplies business for sale
BusinessPlease quote reference B06479
CoGoGo welcomes to the market Star Doors Ltd, a well-established company which specialises in the installation and supply of all types of automatic doors.
Our client has been in the industry for over 10 years, he established Star Doors in 2018. Only now does our client look to pass the business on to free up time and head towards semi-retirement.
Star Doors Ltd offer all service including installations, repairs, services and manual doors.
The sale of the business includes -
- Hand tools
- Website
- Client base of previous and new customers
- Website – www.commercialdoorslondon.co.uk
Though the business already has a healthy turnover with great profit margins, there is ample opportunity for the purchaser to expand the company, such as embarking on modern marketing campaigns, expanding catchment area, employing a sales rep and leaflet drops.
Reasons to buy
- Well known within the catchment area
- Scope to expand
- Hand over period offered
- Low overheads
Location
The current catchment area is the South East of England.
Premises
N/A
Tenure
We are advised that the business is being sold on a Business Only basis.
Hours
The business hours are -
Monday – 8:00am - 17:30pm
Tuesday – 8:00am - 17:30pm
Wednesday – 8:00am - 17:30pm
Thursday – 8:00am - 17:30pm
Friday – 8:00am - 17:30pm
Saturday – CLOSED
Sunday – CLOSED
Staff
We are advised that the business is owner run and managed, with part-time subcontractors in place.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £212,000 with a net profit in the region of £58,000. Full financials can be made available upon further request.
Please quote reference B06479
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.'.
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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