Wholesaler and retailer of electrical fittings for sale in Birmingham, West Midlands
Birmingham, West Midlands
- Status
SOLD
- Advert ID
639266
- Reference
Electrical1025 / Rightbiz
- Call Agent:
- Leasehold: £135,000
- Turnover: On request
- Profit: On request
Key Features
- Full-time operational hours
- Long-standing operational history
- Low operational overhead costs
- Multiple sales channels
Business Details
Well Established Wholesaler and Retailer of Electrical Fittings West Midlands
latest news Included in the sale price is approx. £400000 stock
City Business Brokers welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and thriving electrical wholesaler/ retailer.
The Business has been under the careful and meticulous ownership of our client for the last 25 years, building up an enviable reputation not just locally but within the industry in general, a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our clients wishing to leave the industry after many successful years of trading as they look to retire soon.
The business is a leading supplier of electrical fittings working throughout the Midlands but supplying the whole of the UK.
The companies leading sale products are Sockets, Switches and Dimmers
The business prides itself on offering the highest standard of service to all its customers and this is reflected in the number of returning buyers, many of whom have been using the business for years.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, along with the introduction and further promotion of the dedicated website where customers can either click and collect or order for delivery, along with the introduction of some further products.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, with the current owners happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.
We are advised that the business has 2 full-time 2 part time staff
The business is in a prime trading location within a busy area of Birmingham and benefits from being surrounded by a host of complementary businesses, leading to a good level of footfall, and passing trade.
Included in the sale price is approx. £400000 stock at cost!!!
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information
Note: Library images may have been used for display purposes
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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.
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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.
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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.
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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.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
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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