Featured Brokers
CONFIDENTIAL SALE
FOR SALE
19/03/24
608451
GD122 / Rightbiz
Asking Price: £200,000 plus NAV
Location: London
Confidentially offered for sale
Asking price includes:
Turnover: £1,600,000
Gross Profit: 23%
Net Profit: £63,000
NAV £325,000 of which c£300k is stock
45 years established
Premium long standing customer base
A very straight and comprehensive business
Business Profile:
This exceptional plumbing and heating supplies business operates from six attached shop units effectively converted into one. Adjoined to the shop front is an immaculately presented warehouse which boasts unbelievable storage and comprehensive levels of stock.
Customer Service:
Customer service is paramount. This is borne out by 45 years of successful trading and the retention of many long term trade accounts.
Key Strengths:
The business commenced trading many years ago. It operates from a superb prominent shop front and storage unit. A smooth and impeccable trading history is its major key strength.
Financial Performance:
Turnover c. £1,600,000
Gross profit c. 23%
Net profit: £63,000
Asking Price:
The asking price of £200,000 net assets (total net asset value including stock, net debtor book and net cash is £325,000) is for 100% of the issued share capital of the company. We are advised that the NAV includes c£300k of stock.
Advertising and Marketing:
The company`s long standing professional reputation removes the need for any advertising spend.
Premises:
Five shop units and one shop blended into one, providing an area of approximately 15,000 sq ft adjoined to an immaculately presented warehouse. There is also 2 designated parking spaces outside the shop.
Employees:
There are 5 full time employees plus 2 part time. The managing director is prepared to offer an extensive handover.
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.
Reason for Sale:
Retirement of the older shareholders.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
The data showed regarding this advert 'Established Plumbing and Heating Supplies Business - GD122 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.