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AE058-Family Run Electrical Wholesaler. Specialists in Supplying Electrical Equipment toConstruction
Asking Price:
GBP 450000
| Posted by : Andrew Hudson
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Business Location:
United Kingdom » Essex » Essex
Category:
Retail
»
Automotive Dealers
Description:
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
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
Friday
0730 – 1700
Closed on weekends
This is a genuine retirement sale. The vendor is
happy to assist with a smooth handover of the business.
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Financial Information:
Annual gross sales: (GBP)
492000
Yearly Revenue: (GBP)
Total yearly sales revenue
1700000
Net Profit: (GBP)
Total profit before taxes
150000
General Information:
Business Area:
Year Established:
1984
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Number of Employees
:
01
No of trading hours:
Monday – Thursday 0730 – 1730 Friday 0730 – 1700 Closed on weekends
Reasons for selling:
This is a genuine retirement sale.
Market competition and expansion:
The business advertises via its website and brochure.
Contact Seller Now
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