||Employees||5 full, 1 part
* Included in Asking Price
Well known Wholesale Electrical Supplier to the Trade with Large Warehouse
Ref No: AE053
Asking price: £500,000
Freehold circa £400,000(available by separate negotiation if required)
Asking price includes:
Turnover figure for the year ending 2014 circa £1,886,766 (Audited accounts)
Gross profit £566,118
Net Asset Value £40,025
Increased turnover for 2015 circa £2,030,000 (Not Audited)
Member of a buying group
Prime Wholesale/Retail Location
Trade & Retail Customer Base
Over 30 years successful trading
Ongoing growth pattern
The vendor started this business as a small independent that has established for 30 successful years and earned an excellent name and good trade service. A well known electrical supplier to the trade, the business has a large display showroom and trade desk. The main business accommodates the commercial and industrial sectors, although customers from the DIY and domestic market are also catered for.
A member of a leading purchasing consortium in the UK with a turnover in excess of £200m, they are consistently price competitive across all of the products. Being part of a buying group not only affords the power to provide products to our customers at very competitive prices, it also offers our customers a national network of outlets.
The business utilises Agathos, a bespoke system for the electrical wholesale trade, perfectly designed for business efficiency.
|Facilities:||The vendor owns the freehold of the two units,(current value circa £400,000), which would be available by separate negotiation and at an additional cost to the asking price. His preference would be to sell the business and property however; he would also consider creating a lease for the new owners.
Two units of circa 2,500 sq. and 1,300 sq. ft. respectively with a large trade counter and a double mezzanine area.
Outside there is ample free customer parking
Annual rent £32,000 and rates of £14,369.|
|Competition:||The business has undertaken very little in the form of traditional marketing, over the years preferring to rely on referrals, repeat business and word of mouth recommendations to generate revenues. Marketing has simply been through the local papers and mail shots so there is plenty of scope to increase this. The website is active and ongoing; however there is no on-line purchasing facility at the moment.|
|Training/Support:||Support and training will be provided to ensure continuity of trading and a smooth transition of ownership.|
|Sale Reason:||The owner now wants to plan for his retirement.|
Seller Reference #AE053
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