Business To Buy
Industrial/Workshop/Garage Equipment Sales & Distribution Company |
| Midlands, ---Europe |
Industrial/Workshop/Garage Equipment Sales & Distribution Company
Sales, Repairs, Calibration, Installation
Ref. GM016
Location : Midlands
Asking price: ÂŁ2.16 Million (Inc. Net Assets circa ÂŁ1.19 Million)
Asking price includes:
Turnover for last financial year circa ÂŁ2.43Million p.a.
Resultant gross profits circa ÂŁ774,000 p.a.
Adjusted EBITDA (post director drawings) circa ÂŁ242,000 p.a.
Net Assets circa ÂŁ1.19 Million (Inc. stock, debtors etc.)
30 years successful trading
Superb supplier relationships
Huge customer base
Circa 2500 account clients
Key staff in place
Training and handover
Website
Business Profile:
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 well in excess of 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.
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Financials |
| Price: $2,160,000 |
| Gross Income: $2,852,080 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #GM016 |
| Year Established: 1989 |
| Financing: |
| Training: |
| Facilities: The business operates from ideal 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.
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| 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 shops which are enjoying rapid sales growth. The company is considering social media to promote its wares. |
| Growth: 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. The company currently uses two Ebay accounts, one for brand new items and one for second hand or damaged items. The reason for this is to monitor the account for second hand or damaged items which has a slightly higher risk of returns.
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| Business Listed By |
| Name: Andrew Hudson |
| Company: Turner Butler |
| Phone: 01895 25 6000 |
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| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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