Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Business For Sale. .e-tailer Of Truck Parts, Trade Counter And Industrial/workshop/garage

LISTING DETAILS
Firms For Sale ID:
35078
Vendor reference:
GM016
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,160,000  
Turnover / revenue:
£2,430,000
Net profit / cashflow:
Undisclosed
Years established:
30
Trading hours:
Monday - Friday: 08:30-17:00 Saturday - 08:30-12:00
Number of employees:
13
Employees / staffing:
The vendor is MD of the company and tends to operate on a strategic level overseeing the operation. He wishes to remain as sales consultant post-sale on a commission basis. The business employs some 13 full time employees (external sales representatives, engineers, sales assistants, accounts, credit control and delivery) and has the following key staff in place to manage each part of the business: • Engineering Manager • Online Sales Manager • Showroom/Trade Sales Manager • Book-keeper
Business website:

OTHER DETAILS
Reason for selling:
Planning exit with future retirement in mind. The vendor however wishes to remain as a commission-only sales consultant post-sale for a period to be agreed.
Support and training:
The vendor however wishes to remain as MD post-sale for a period to be agreed.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
IRef No: GM016

Location: Midlands

Leasehold

Asking price: £2.16 Million (Inc. Net Assets circa £1.19 Million)
Asking price includes:

Turnover for last financial year circa £3 million p.a.
Resultant gross profits circa £965,000 p.a.
Adjusted EBITDA (pre-director drawings) circa £302,363 p.a.
Net Assets circa £1.19 Million (Inc. stock, debtors etc.)
Additional Stock of £500,000 available
30 years successful trading
Superb supplier relationships
Huge customer base
Circa 2500 account clients
Key staff in place
Training and handover
Two E-Bay shops
Website





Business Profile:

This well established and very reputable business was set up almost 30 years ago by the current vendor and in that time has grown into a highly professional and respected supplier of Industrial,Workshop and Garage Equipment products. The company provides a broad range of high quality branded products,consumables and components to customers within a variety of markets including the industrial, agricultural, motor, commercial, manufacturing and production sectors.

Approximately 75% of revenues are from on-line sales through two highly successful E-Bay shops as well as the business’ own website with the remaining 25% being made up of repairs, calibration, certification and installation services. These additional services provide customers with unrivalled customer service and support and ensure ongoing revenues for the business, not to mention helping to forge sterling customer relationships.

The company can boast a very large and loyal customer base (circa 2,500 active account customers) who rely on this business to provide them with the correct products that are readily avaiable, fit for purpose, and come with the appropriate after-sales service and technical support. Sales come via the telephone, E-bay, website, trade counter, email and through two external sales representatives with items being delivered or on collection.

Over the last few years the business has expanded into e-commerce and online sale of certain smaller product lines and has enjoyed significant success in this arena so much so that in excess of 75% of current sales revenues are now generated via the internet.

Because of its service level approach to business the company enjoys impressive levels of referrals and repeat business.

The current customer list is very impressive and includes large blue chip clients who have significant presence in the region as well as small/medium organisations on a local, regional and national scale. The spread is good and as such the business has no over reliance on any one customer, sector or region. The majority of sales are within the UK with a very small percentage (circa 1-2%) shipping overseas.

The business has set up an enviable supply chain over the years and sources parts direct from reknowned manufacturers/suppliers that are leaders in their fields. These supply partners provide a choice of in-demand, reliable goods that are synonymous with quality and the brands speak for themselves.

The company has a strong asset base, generates impressive profits, has a sterling reputation and holds a large level of high quality stock which ensures it can deliver mission critical items to its clients time and time again.. The vendor has put in place a talented team of staff with key employees in place for each part of this multi-faceted business which ensures it runs smoothly on a day to day basis without the need for his day to day involvement.

Expansion Potential
The company has access to further product ranges and could easily expand its product offering to incorporate even more complimentary items.

Moving forward the business could easily look at setting up other depots replicating this highly successful model as the key supply chains are already in place.

Market / Competition / Non-Competition Agreements
The business has enjoyed impressive growth and profitability over a 30 year period and now enjoys consistent levels of custom from a wide range of customers. It provides a mission-critical service to both large and small production plants and facilities and has strong relationships in place within these organisations spanning many years. It has many areas of strength including:

• Superb reputation built on knowledge, reliability and attention to detail.
• Good stock levels
• Excellent supply chain-top quality products with warranties
• Large regular blue customer base with “approved supplier” status
• High service levels and speed of response
• Profitability and positive cash flow
• Superb team of multi-skilled employees