Business Summary:
DIY & Hardware
Wholesaler
Ref.GD077
Location North East England
Asking Price £ 185,000
This family business was established by the owner in1989 and has built an oustanding reputation for supplying independent DIY and hardware stores with a wide range of goods, many of which are household named products. The company covers a wide area throughout the North East of England including the major conurbanisations of Teeside, Tyneside and Wearside.
The company’s impressive product offer includes paints and decorating materials, household hardware and electricals (sockets, switches, cables etc.) DIY goods, housewares and gardening. In all they keep in stock over 5000 different lines, although within all these product sectors there remainsconsiderable scope for expansion.
The company has a large database of customers with circa 100 who purchase goods on a regular basis with no one client generating the lions share of the turnover.
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| Year
Business was Established: 1989 |
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| Facilities / Terms of Lease:
The business runs from two industrial units, which measure circa 3,500 sq. ft on the ground floor with reception, offices and warehouse storage. There is a mezzanine floor which measures circa 1,300 sq. ft used for further storage. Rent is circa £1,300 per month with a rolling three month notice period. Rates are circa £5,543 per annum. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
N.A. |
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| Owner
willing to train:
The owner would be happy to help out with a smooth transition of the business and help in anyway possible. |
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| Reason for selling:
The owner has been working tirelessly to build the business up for the past 20 years and due to ill health would now like to retire. The owner believes this would be a perfect time for someone to take the company forward. |
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Seller Reference Number: GD077
BusinessMart.com Listing Number: 59022 |
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