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Businesses For Sale > Business For Sale in Midlands, UNITED KINGDOM - UK (UK)

GM016-Midlands-£2,100,000-Industrial/Workshop/Garage Equipment Sales & Distribution Company for sale in Midlands, UK

Midlands, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 2,100,000 £ 2,200,000 Undisclosed

Business Summary:
Industrial/Workshop/Garage Equipment Sales & Distribution CompanySales, Repairs, Calibration, InstallationRef. GM016Location : MidlandsAsking price: £2.1Million (Inc. Net Assets circa £1.44 Million)This well established and very reputable business was set up almost 30 years ago by the current vendor and in that time has grown into a highly professional and respected supplier of Industrial,Workshop and Garage Equipment products. The company provides a broad range of high quality branded products,consumables and components to customers within a variety of markets including the industrial, agricultural, motor, commercial, manufacturing and production sectors.Approximately 75% of revenues are from direct sales with the remaining 25% being made up of repairs, calibration, certification and installation services. These additional services provide customers with unrivalled customer service and support and ensure ongoing revenues for the business, not to mention helping to forge sterling customer relationships.The company can boast a very large and loyal customer base (circa 2500 active account customers) who rely on this business to provide them with the correct products that are readily avaiable, fit for purpose, and come with the appropriate aftersale service and technical support. Sales come via the telephone, website, trade counter, email and through two external sales representatives with items being delivered or on collection.Over the last few years the business has expanded into e-commerce and online sale of certain smaller product lines and has enjoyed significant success in this arena so much so that some 35% of current sales revenues are now generated via the internet.Because of its service level approach to business the company enjoys impressive levels of referrals and repeat business.The current customer list is very impressive and includes large blue chip clients who have significant presence in the region as well as small/medium organisations on a local, regional and national scale. The spread is good and as such the busiens has no over reliance on any one customer, sector or region. The majority of sales are within the UK with a very small percentage (circa 1-2%) shipping overseas.The business has set up an enviable supply chain over the years and sources parts direct from reknowned manufacturers/suppliers that are leaders in their fields. These supply partners provide a choice of in demand reliable goods that are synonymous with quality and the brands speak for themselves.The company has a strong asset base, generates impressive profits, has a sterling reputation and holds a large level of high quality stock which ensures it can deliver mission critical items to its clients time and time again.. The vendor has put in place a talented team of staff with key employees in place for each part of this multi-faceted business which ensures it runs smoothly on a day to day basis without the need for his day to day involvement.

 

   
Year Business was Established: 1989
   
Number of Employees: 13FT  
   
Facilities / Terms of Lease: The business operates from ideal freehold premises on a well-known industrial estate. Total floor space is currently circa 14,500 square feet and comprises showroom, workshop, offices and warehousing/storage. The asking price includes the freehold premises. The vendor “may” consider leasing the premises should a new owner require, subject to negotiation. Alternatively the business could be relocated should a new owner so wish, again subject to negotiation.  
   
Potential Growth/Expansion: The company has access to further product ranges and could easily expand its product offering to incorporate even more complimentary items. Moving forward the business could easily look at setting up other depots replicating this highly successful model as the key supply chains are already in place. E-commerce is still relatively new to the company and it currently sells just a small selective range of products online, albeit very successfully. This could certainly be increased with further resource made available.  
   
Competition: The business enjoys high levels of repeat business, word of mouth recommendations and referrals from a vast and loyal customer base. This is further supported with an extensive range of brochures and flyers both in-house and via their leading manufacturing partners which are distributed via their external sales representatives and via e-shots. The company also has an informative website with e-commerce facility, not to mention its own E-Bay shop which is enjoying rapid sales growth. The company also utilises social media to promote its wares.  
   
Owner willing to train: The vendors will provide a comprehensive handover to ensure a seamless transition of ownership. Vendor would also be more than happy to stay on for a further extended period should a new owner so require, subject to negotiation.  
   
Seller Reference Number: GM016
BusinessMart.com Listing Number: 248920
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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