Commercial and Domestic Supplier of Hand/Power Tools Bolts and Bearings
Location : East Anglia
Asking Price : £109,000 plus SAV
Turnover : £485,000
Net Profit : £46,000
Gross Profit : Undeclared
EBITDA : £46,000
Net Asset : Undeclared
Premises : Leasehold
Confidentially offered for sale
Gross Profit: 25.5%
Net Profit: £46,000
20 years established
Highly experienced team
Well known brand
Turner Butler has been appointed to invite offers for 100% of the issued share capital of this long time established Hand/Power tools, bearings, bolts, and welding business.Business Profile
The company provides an efficient, reliable bolts and bearings service in East Anglia. They repair tumble dryers, washing machines, building and mechanical equipment, earth moving equipment and air conditioning units - over 50% of their turnover is from Hand/Power Tool sales.
With 19 years industry experience, the business provides an efficient, reliable service across East Anglia.
100% of the issued share capital of the company 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 c. £485,000
Gross profit c. 25.5%
Adjusted net profit c. £46,000
The asking price of £109,000 plus stock is for 100% of the issued share capital of the company.
The company`s long standing reputation removes the need for any significant advertising spend.
The company operates out of leasehold premises with current annual rent and rates totalling £7,000.
The business works with sub contracted labour and two employees.
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.
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')
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