Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Independent Electrical Wholesaler- 3 Branches
LISTING DETAILS
Firms For Sale ID:
33853
Vendor reference:
AE051
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£600,000
Turnover / revenue:
£3,000,000
Net profit / cashflow:
£250,000
Years established:
84
Number of employees:
13
Employees / staffing:
The vendor has put in place a very experienced and trusted work force. The vendor works full time in the business on a strategic level and is supported by an excellent team that comprise of various branch/department managers, administrators, operatives and drivers (13 full time staff in total). The business can operate on a day to day basis without the vendor.
OTHER DETAILS
Reason for selling:
The vendor believes the business needs a new injection of business acumen and energy to take it through its next period of growth and maximise the many opportunities at its disposal. He also has other business interests he needs to commit more time to.
Support and training:
Full support, detailed handover and training will be provided to ensure a seamless transition of ownership as required. This should be a relatively simple process as the business has excellent management in place.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from 3 branches across the Midlands giving them excellent coverage and accessibility. All premises are leasehold. These units have good signage and access and each comprises circa 2000 square feet of trade counter, office and warehouse space.
BUSINESS DESCRIPTION
Independent Electrical Wholesaler-
3 Branches
Ref.AE051
Location Midlands
Asking Price GBP 600,000
This relatively young, yet highly reputable electrical wholesale business has been trading successfully throughout the Midlands region for several years now and has grown significantly year on year through the effective sale and supply of a broad range of electrical products to both large scale end users and distributors alike.
The vendor and his management staff have many years experience in the electrical wholesale and distribution business and have used this knowledge to develop this business model which provides customers with exceptional levels of service and delivery, high quality product offering and responsive account management from all 3 of its trade outlets. The company offers competitive pricing at the same time generating impressive profit margins for the company.
The business can cater for any sized enterprise and as such offers a huge range of solutions to meet the required budgets. Because of this it has quickly built up a very desirable bank of regular and loyal customers including many blue chip organisations such as local councils, building maintenance and facilities management companies. The business has circa 100 regular clients and this client base is continuing to grow year on year. This success is reflected in the impressive financial growth the business is currently enjoying, despite the tough economical trading conditions the UK economy has been experiencing over the last few years.. This growth is expected to continue as the business has recently secured a highly lucrative long term contract with a key customer that runs for several years with an option to extend further.
Expansion Potential
With more target marketing the business could easily acquire an even larger slice of the market and further exploit the full commercial potential of the business. The market is buoyant and the business is ideally positioned to take full advantage of this. The company is currently enjoying significant organic growth fuelled by its sterling reputation and it could further this by expanding its range of products and services as clients are always requesting further items from the company.
The business has also developed its own brand range of products but this is very much in its infancy and is only available to select customers at time of going to market. This is an area for further expansion as is e-commerce (the business currently does no online trading).
Market / Competition / Non-Competition Agreements
The company has used limited advertising to date. It has an online presence having developed a basic website that could be further enhanced to enable online transactions. It enjoys lots of referrals and word of mouth recommendations.