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AE053-Wholesale Electrical Supplier to the Trade with Large Warehouse

Asking Price: GBP 500000   |  Posted by : Andrew Hudson
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Business Location: United Kingdom » Essex » Essex 
Category: Wholesale & Distribution » Durable goods
Well known Wholesale Electrical Supplier to the Trade with Large Warehouse
Ref No: AE053
Location: Essex
Asking price: £500,000
Freehold circa £400,000(available by separate negotiation if required)
The vendor started this business as a small independent that has established for 30 successful years and earned an excellent name and good trade service. A well known electrical supplier to the trade, the business has a large display showroom and trade desk. The main business accommodates the commercial and industrial sectors, although customers from the DIY and domestic market are also catered for.
A member of a leading purchasing consortium in the UK with a turnover in excess of £200m, they are consistently price competitive across all of the products. Being part of a buying group not only affords the power to provide products to our customers at very competitive prices, it also offers our customers a national network of outlets.
The business utilises Agathos, a bespoke system for the electrical wholesale trade, perfectly designed for business efficiency.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
Net Profit: (GBP)
Total profit before taxes
General Information:  
Business Area:
Year Established: 1985
Is Relocatable?:
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 06
No of trading hours: Monday – Friday: 7.30am – 5.30pm
Reasons for selling:
The owner now wants to plan for his retirement.
Market competition and expansion:
The business has undertaken very little in the form of traditional marketing, over the years preferring to rely on referrals, repeat business and word of mouth recommendations to generate revenues. Marketing has simply been through the local papers and mail shots so there is plenty of scope to increase this. The website is active and ongoing; however there is no on-line purchasing facility at the moment.
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