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Finance And Services:

Business For Sale. Family Run Electrical Wholesaler. Specialists In Supplying Electrical Equipment To The Construction

LISTING DETAILS
Firms For Sale ID:
34920
Vendor reference:
AE058
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£625,000  
Turnover / revenue:
£1,900,359
Net profit / cashflow:
£153,673
Years established:
35
Trading hours:
The business hours are: Monday Thursday 0730 1730 Friday 0730 1700 Closed on weekends
Employees / staffing:
The business employs 7 full-time staff.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The vendor is happy to assist with a smooth handover of the business.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The company currently trades from freehold premises; consisting of two adjoining buildings, totalling 7,000 sq. ft (inc ground floor and mezzanine). The building has CCTV and all services (gas, electric, water, main sewage and broadband). A new lease will be agreed with the vendor. The current annual rent is GBP 35,000 per annum, with rates of GBP 14,000 for the two buildings.
 
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BUSINESS DESCRIPTION
Family Run Electrical Wholesaler. Specialists in Supplying Electrical Equipment to the Construction, Plant Hire Industry and General Electrical contracting
Ref. AE058
Location : Essex
Asking Price : GBP 625,000 + SAV
This business is a long established family run company, which has been successfully trading for over 35 years. They offer a variety of services ranging from lights, fire and smoke alarms. The business has an excellent reputation and is wellknown in the industry. The company specialises in electrical equipment for the construction and plant hire industry; the business actively promotes new products to their large client base as they come onto the market.
As a member of the EDA and a wellknown buying group; the business is highly accredited and well respected. The business is continuously expanding and their client base is consistently growing. The market outlook for the business is excellent as there is no local competition in the area. The services provided by the business would make it an attractive bolton to any similar businesses in this sector.
The business advertises via its website and brochure.
The company currently trades from freehold premises; consisting of two adjoining buildings, totalling 7,000 sq. ft (inc ground floor and mezzanine). The building has CCTV and all services (gas, electric, water, main sewage and broadband).
A new lease will be agreed with the vendor.
The current annual rent is GBP 35,000 per annum, with rates of GBP 14,000 for the two buildings.
The business employs 7 fulltime staff.
The business hours are:
Monday Thursday 0730 1730
Friday 0730 1700
Closed on weekends
This is a genuine retirement sale. The vendor is happy to assist with a smooth handover of the business.

Market / Competition / Non-Competition Agreements
The business advertises via its website and brochure.