Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Home & Garden Products Business For Sale

LISTING DETAILS
Firms For Sale ID:
33288
Vendor reference:
GD105
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£149,000  
Turnover / revenue:
£530,000
Net profit / cashflow:
£65,000
Trading hours:
Monday to Friday
Number of employees:
2
Employees / staffing:
The business conveniently trades for 5 days a week run by a full time employee under the guidance of the owner and assisted by another staff member working in the office.

OTHER DETAILS
Reason for selling:
The business is only offered for sale as the owner is now looking to downsize and retire creating a genuine opportunity for new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Wholesale Products Variety of Ironmongery, Tools & Hardware
Ref.GD105
Location East Anglia
Asking Price GBP 149,000
Turner Butler are pleased to offer for sale this established business that retails a variety of products at wholesale prices. Goods include hand tools, automotive tools, woodworking tools, gardening tools, housewares and brushware and so much more to include everything from tape and packaging through to pet and security products.

The business premises are situated in East Anglia and attracts an extensive hardcore customer base. The business conveniently trades for 5 days a week run by a full time employee under the guidance of the owner and assisted by another staff member working in the office. The business has a healthy annual turnover in the region of GBP 530,000 and profits an impressive adjusted net profit for the owner in the region of GBP 65,000 per annum.

Trading as a limited company the business is being sold for 100% of the issued share capital on a cash free debt free basis. The current asking price for the business is inclusive of the stock holding which can fluctuate but we are advised currently stands in the region of GBP 68,000.

Due to other commitments the current owner is unable to give this business the time it requires to grow, however the potential is there for a new owner with energy and enthusiasm. The business has an established website to promote all of the products that this business has to offer.

Expansion Potential
New owners have the opportunity to be able to build on this already healthy business model and tap into other avenues. Due to time constraints and health issues the owner simply feels he is unable to do the business justice, although is very willing to help new owners explore the full potential of the business

Market / Competition / Non-Competition Agreements
The business currently does very little marketing, other than that by word of mouth from the existing customer base. This is something that new owners may want to look into increasing once they acquire the business.