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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.
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