Niche engineering merchant and distributor in Totnes Devon specializing in thread repair products
Totnes, Devon
- Status
FOR SALE
- Advert ID
656683
- Reference
M37322N / Rightbiz
- Call Agent:
- Leasehold: £25,000
- Asking Price: £25,000
- Turnover: £66,742 (£1,284 per week)
- Profit: £28,440 (43% Profit margin)
Business Details
NICHE ENGINEERING MERCHANTS DISTRIBUTOR ONLINE RETAILER
Niche ENGINEERING MERCHANTS/DISTRIBUTOR and ONLINE RETAIL BUSINESS, experts in Helicoil Thread Repair, supplying a huge range of quality ISO accredited Inserts, Taps, Tapping Drills, and Insertion Tools, on an individual basis or in boxed kit form. Used in a variety of industries to include motor, marine, and aerospace sectors together with the general public DIY marketplace.
Currently based in SOUTH DEVON, situated on a popular and vibrant business park/industrial estate on the outskirts of TOTNES although business not considered location dependent creating the opportunity for it to be RE-LOCATED anywhere in UK, and even HOME BASED subject to suitable storage facilities, or amalgamated with a similar business from which benefits would be anticipated, especially in respect of operating costs.
Existing optional premises approaching 900 square feet, offering abundance of storage, workshop area, picking table, packing station, office, kitchen and cloakroom facilities, along with a trade counter for local customers although this is not considered essential as products could easily be despatched/posted for next day delivery. Sale includes comprehensive inventory of useful tools/equipment which would command a substantial replacement cost.
Business established approaching 30 years, only 2 owners in this time, under current ownership last 15 years, retirement sale. Sales generated from multiple sources, includes valuable account customers providing regular repeat orders, online website sales, international sales via agents, and some direct sales from the attendance of shows. The business is easily manageable and can simply be operated by one person.
Currently trading at a level to suit vendors lifestyle with very little proactive promotion/marketing, Sales 2025 £66,742 ex Vat, has been considerably higher in previous years, Gross Profit £28,440, low overheads, especially if home based/amalgamated with another business. Huge scope to develop/promote business through use of sales platforms such as eBay, along with use of social media and possible online tutorial videos via YouTube raising the profile of the business.
Price £25,000 sav, Ref: M/WD37322N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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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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.
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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.
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