Businesses for Sale

Sale Memorandum

Electrical Lighting Retailer


Ref.JC020

Location Warwickshire (North)

Asking Price £ 30,000

Confidentially offered for sale


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Premises: Leasehold

Asking price: £30,000 inc. stock

Asking price includes:


Turnover of Circa: £51,000 per annum
Gross Profit of Circa: £26,000

Excellent reputation for quality products (trade and retail)
Unpatented technical know-how
Very high in house standards
Wide range of clients
Internet website
Goodwill

Business profile:

Turner Butler is delighted to be appointed as sole selling agents for this family owned and managed business opportunity. Established in 2003 the business has never been brought to the market for sale before.

The shop is located in a high visibility position, situated as it is in a street corner position on this busy high traffic road, which is close to the Town Centre.

The main showroom area of the shop has eye catching light fittings and chandeliers that draw attention both day and night. The shop has a retail counter plus an additional room, which is used for stock storage. However, this format could easily be changed, should the new owner desire. There is also a second floor, which is unused by the current owners, but we are led to believe that this could be rented separately if required.

The shops trade is split approximately 50/50 between trade and retail customers, with trade supply being mainly cabling, switches etc. It is felt by the owners that the loyalty of the professional trade customers over the years is something which should be emphasised as they feel this to be an area of great future growth as the economy re-stabilises.

The Directors of this business have now decided to place this business for sale due to the senior member of the family’s wish to retire, and with other business interests to monitor time commitment has become an issue. However, they strongly feel that with fresh energy and investment, this key position, turnkey business could flourish, which is what they would love to see happen, and have decided to sell at an attractive price to encourage a smooth and uncomplicated sale.

Equipment:

The company owns and operates an inventory of equipment and machinery etc. in the daily smooth operation of its business.

All such inventory is expected to be included in a successful sales package.

However, stock value is not included in the sale price and is to be valued at point of sale.

Key Opportunities:

It is felt that perhaps with refreshed energy and flair, plus perhaps greater investment in stock and more creative usage of the extra space available here, that this business could make better benefit from its commanding position. The Directors also feel that a more dynamic 21st century approach to marketing to the professional trade sector would reap its rewards in the future.
Premises:

Tenure of the businesses shop premises is by way of a lease agreement. Current annual rental comes in at approximately £5,800.

Business Hours:

Monday – Friday: 8.00am – 5.00pm
Saturday: 8.00am – 4.00pm

Security:

The premises benefit from the fitment of an alarm system with security shutters/grilles to windows and the main entrance doorway.
Advertising and Marketing:

The company has developed and maintains an Internet Website.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover of Circa: £51,000 per annum
Gross Profit of Circa: £26,000
Employees:

The business currently employs one of its two Directors on a full time basis.
Support and Training:

Full support and any necessary training will be provided during handover as part of a successful sale package.
Reason for Sale:

The Director who is mainly responsible for the operation of this shop now wishes to take up a well earned retirement.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
The Manor Sweetcroft Lane Hillingdon Middlesex
Telephone 01895 25 6000 Facsimile 01895 20 6666
info@turnerbutler.co.uk
www.turnerbutler.co.uk

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