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Family Run Electrical Wholesaler. Specialists in Supplying Electrical Equipment to the Construction, Plant Hire Industry and General Electrical Contracting

Ref. AE058

Location : Essex

Asking Price : £450,000

Turnover : £1,700,000

Net Profit : £150,000

Gross Profit : £492,000

EBITDA : Undeclared

Net Asset : £84,326

Premises : Leasehold

Confidentially offered for sale

  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking price includes:

Turnover circa – c£1.7m
Gross Profit circa – c£492,000
Net Asset Value c£84,326
Adjusted Net Profit c£150,000 (after allowance for MD’s salary)

Business Profile

This business is a long established family run company, which has been successfully trading for over 35 years. They offer a variety of services ranging from lights, fire and smoke alarms. The business has an excellent reputation and is well-known in the industry. The company specialises in electrical equipment for the construction and plant hire industry; the business actively promotes new products to their large client base as they come onto the market.

As a member of the EDA and a well-known buying group; the business is highly accredited and well respected. The business is continuously expanding and their client base is consistently growing. The market outlook for the business is excellent as there is no local competition in the area. The services provided by the business would make it an attractive bolt-on to any similar businesses in this sector.

The business advertises via its website and brochure.

The company currently trades from freehold premises; consisting of two adjoining buildings, totalling 7,000 sq. ft (inc ground floor and mezzanine). The building has CCTV and all services (gas, electric, water, main sewage and broadband).

A new lease will be agreed with the vendor.

The current annual rent is £35,000 per annum, with rates of £14,000 for the two buildings.

The business employs 7 full-time staff including a managing director.

The business hours are:

Monday – Thursday
0730 – 1730
0730 – 1700
Closed on weekends

This is a genuine retirement sale. The vendor is happy to assist with a smooth handover of the business.

Key Considerations:

• Enviable reputation in the region it serves
• High quality service
• Attractive website
• Long established
• Profitable
• Repeat business levels and referrals
• NOT vendor dependant
• Large customer base

Financial Information:

Turnover circa – c£1.7 million
Gross Profit circa – c£492,000
Net Asset Value £84,326
Adjusted Net Profit £150,000 (after allowance for MD’s salary)

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.

Asking Price:

The Asking Price of £450,000 is for 100% of the Issued Share Capital in the Limited company. Net Asset Value is c£84,326. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this net asset figure.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler. e-mail: sales@turnerbutler.co.uk telephone Head Office: 01895 256000

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532