Tool Manufacturing Business for Sale - toughtools.co.uk
Keighley, West Yorkshire
- Status
FOR SALE
- Advert ID
654691
- Reference
591684 / Rightbiz
- Call Agent:
- Asking Price: £125,000
- Turnover: £186,405 (£3,585 per week)
- Profit: Not Applicable
Business Details
Manufacturing For Sale in Keighley
BUILDING TOOL SALES AND MANUFACTURING BUSINESS FOR SALE (www.toughtools.co.uk) – to be relocated but currently based in Keighley, West Yorkshire.Leading supplier of high-quality tools for bricklayers, plasterers and construction professionals. Products include mortar stands, straight edges, floor scrapers, buckets and plastering tools. Some product lines are easily assembled and finished from parts bought in for maximum profit margins. The business is believed to be the only UK supplier offering straight edge tools in lengths of 3m, 4m, 5m, and 6m.
Some 50 to 60 key products exported and supplied to wholesalers, DIY stores, and direct to the end user via their own excellent website and eBay. Amazon have been keen to get their products on board, but the owner has resisted so far as he struggles to cope with the current demand. This leaves a colossal opportunity for ambitious new owners to scale up and take advantage of this increased demand. Annual turnover £186,405.
The business is currently run from workshop premises in West Yorkshire but could easily be relocated to anywhere in the UK or Europe.
This is an outstanding opportunity to acquire a 20 plus years established business ripe for growth, one with an enviable reputation for supplying high quality durable products to the construction industry. The owner now looks toward a well-earned retirement but is happy to work with new owners for a period of time to ensure a seamless transition and customer continuity.
The business represents an excellent bolt-on acquisition opportunity for an established e-commerce, retail or trade supply operator, particularly one with existing warehousing, fulfilment and distribution infrastructure. Tough Tools could be readily integrated into an existing operation, allowing a purchaser to expand their product range and customer base while benefiting from shared staffing, premises and distribution resources. There is also further scope for growth through increased digital marketing, expansion of the product range and greater penetration of the UK trade and construction market.
Stock £48,000.
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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.'.
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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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