Family Run Electrical Wholesaler. Specialists in Supplying Electrical Equipment to the Construction, Plant Hire Industry and General Electrical Contracting
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
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)
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.
• Enviable reputation in the region it serves
• High quality service
• Attractive website
• Long established
• Repeat business levels and referrals
• NOT vendor dependant
• Large customer base
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.
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.
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: email@example.com telephone Head Office: 01895 256000
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 firstname.lastname@example.orgTurner 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')
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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
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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.
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