Business To Buy
Established Plumbing and Heating Supplies Business |
| North West, ---Europe |
Asking Price: £500,000
(up to £350,000 finance available to approved borrowers)
Location: North West
Asking price includes:
Net Asset Value of c£509,000
Current & Projected Turnover: c£2,700,000
Gross Profit: c20%
Current & Projected Net Profit: £150,000 after all costs
Excellent customer base
A very straight forward and comprehensive business
Business Profile:
This exceptional plumbing and heating supplies business operates from a trade counter on an industrial estate in the North West of England. Adjoined to the trade counter is a well presented warehouse which boasts excellent storage and comprehensive levels of stock.
It has a fleet of vehicles that provide trade deliveries throughout the North West.
Customer Service:
Customer service is paramount. This is borne out by the retention of many long term trade accounts.
Key Strengths:
It operates from a prominent trade counter and storage unit. A smooth trading history is its major key strength.
Financial Performance:
2022-23 Projected Turnover c. £2,700,000
Gross profit c.20%
Projected Net profit after all costs: £150,000
Advertising and Marketing:
The company relies on word of mouth and tele-sales, and a sales representative on the road for its marketing. It also has a website which would be considerably improved with a shopping facility.
Premises:
A trade counter and warehouse held on a 7 year lease with a right of renewal, commencing on 1.3.21. The rent is £30,000+VAT per annum plus rates of c£13,000 with rent reviews on 01/03/24 & 01/03/27 there is a total area of approximately 7,800 sq.ft. There are believed to be 7 designated parking spaces outside the shop.
Employees:
There are 6 full time employees. The business is run under management by a manager with many years’ industry experience.
Asking Price:
The asking price of £500,000 is for 100% of the issued share capital of the company. We are advised that the NAV includes c£569k of stock and £719k of trade debtors which are subject to an invoice discounting facility.
Our recommended finance brokers have advised that up to £350,000 of acquisition finance should be available for this purchase to approved borrowers.
Financial Information:
The issued share capital of the company is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The NAV of the Company is c£509k excluding a shareholders loan of £450k. It is proposed that the buyer will loan the agreed purchase price to the Company to enable it to repay its existing shareholders’ loan and then acquire the shares for nominal value.
Reason for Sale:
No longer a strategic fit for the parent company.
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Financials |
| Price: $500,000 |
| Gross Income: $0 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #GD125 |
| Year Established: 0 |
| Financing: |
| Training: |
| Facilities: |
| Competition: |
| Growth: |
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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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