Featured Brokers
CONFIDENTIAL
FOR SALE
631294
JH034 / Rightbiz
Commercial and Domestic Supplier of Hand/Power Tools Bolts and Bearings
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Asking Price: £109,000 plus SAV
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Location: East Anglia
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Turnover: £485,000
Net Profit: £46,000
Gross Profit: 25.5%
EBITDA: £46,000
Premises: Leasehold
Confidentially Offered For Sale
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Asking price includes:
Turnover: £485,000
Gross Profit: 25.5%
Net Profit: £46,000
20 years established
Highly experienced team
Well known brand
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Introduction:
Turner Butler has been appointed to invite offers for 100% of the issued share capital of this long time established  Hand/Power tools, bearings, bolts, and welding business.
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Business Profile:
The company provides an efficient, reliable bolts and bearings service in East Anglia. They repair tumble dryers, washing machines, building and mechanical equipment, earth moving equipment and air conditioning units - over 50% of their turnover is from Hand/Power Tool sales.
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Key strengths
With 19 years industry experience, the business provides an efficient, reliable service across East Anglia.
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Financial performance:
Turnover c. £485,000
Gross profit c. 25.5%
Adjusted net profit c. £46,000
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Asking Price:
The asking price of £109,000 plus stock is for 100% of the issued share capital of the company.
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Advertising and Marketing:
The company`s long standing reputation removes the need for any significant advertising spend.
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Premises:
The company operates out of leasehold premises with current annual rent and rates totalling £7,000.
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Employees:
The business works with sub contracted labour and two employees.
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Financial Information:
100% of 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. £485,000
Gross profit c. 25.5%
Adjusted net profit c. £46,000
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Reason for Sale:
Retirement
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
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