Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Independent Electrical Distributor With Blue Chip End User Client Base
LISTING DETAILS
Firms For Sale ID:
33034
Vendor reference:
GK230
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£475,000
Turnover / revenue:
£903,000
Net profit / cashflow:
Undisclosed
Years established:
15
Trading hours:
Monday to Friday : 08:00-17:00
Sat: AM
Number of employees:
4
Employees / staffing:
The vendor has put in place a very experienced and trusted work force. He works full time in the business through choice and is ably supported by a sales manager and branch manager. The business also employs a full time delivery driver and part time accounts administrator. Staff are a real asset to the business that operates effectively on a day to day basis, whether the vendor is present or not.
OTHER DETAILS
Reason for selling:
The vendor believes the business needs a new injection of business acumen and energy to take it through its next period of growth and to maximise the many opportunities at its disposal. He also wishes to spend more time in his second home overseas.
Support and training:
Full support, detailed handover and training will be provided to ensure a seamless transition of ownership as required. The vendor may also be prepared to stay on within the business on a part time basis, if so required.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Independent Electrical Distributor
With Blue Chip End User Client Base
Ref.GK230
Location West Midlands
Asking Price gbp 475,000
This well established and reputable business has been trading successfully in the region for some 15 years. The business specialises in the stocking and supply of a broad range of electrical and lighting products to primarily end users and their approved facilities management companies, who require high quality products and exceptional service levels.
The vendor and his staff have many, many years experience in the electrical wholesale and distribution business, using this knowledge to develop this business in a manner as to differentiate it from the more traditional wholesale/distribution companies. Instead of supplying the electrical contractors this business has approached the market in a different way. The company works directly with the end-users and their associated facilities management companies to provide a full turnkey supply solution to meet their expected levels of service. Services provided include:
Full 24/7 call out service to designated account customers
Meter calibration services
Recycling and energy reduction/green energy solutions
Lighting design services
Free deliveries
Customer stock management services
Specific product sourcing and hire services
The business caters for any sized enterprise and offers a huge range of solutions to meet required budgets. Because of this it boasts a very impressive range of regular and loyal customers that include many blue chip organisations such as hotel chains and facilities management companies who are responsible for sites such as large retail parks, shopping centres, hospitals etc. The business has approximately 70 regular clients and a healthy spread of business that has ensured consistent levels of trade, even through tough economical trading conditions.
Expansion Potential
With additional target marketing the business could easily acquire an even larger slice of the market and further exploit the full commercial potential of the business. The market is buoyant and the business is ideally positioned to take full advantage of this, possibly by expanding its range of products and services even more, as clients are always requesting supplementary items.
Based on its current profitability and the large number of regular clients, the business could comfortably support another external sales representative to help fuel this expansion.
The business has a trade counter that could also easily be expanded to tap into the very lucrative retail/ traditional trade sector should a new owner wish to go down this route.
Market / Competition / Non-Competition Agreements
The company has used limited advertising to date. However, it has developed an informative website giving it an online presence that could be further enhanced to support electronic transactions.