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A long established business operating in a niche market distributing hoses, connectors and fittings for the air and fluid industry

Ref. AD044

Location : Essex

Asking Price : £279,000 plus NAV

Turnover : £573,000

Net Profit : £130,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £79,575

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Turnover: £573,000
Net Profit: £130,000
Gross Profit: 33%
NAV: £79,575

Asking price includes:

25 years established
Very loyal customers
A strong internet presence
Nationwide customer data base
Easily fully relocatable
3 commercial vehicles

Introduction:

Turner Butler has been appointed to invite offers of purchase of the issued share capital of this very well established business which offers a broad range of products and technical knowledge to its customers.

Business Profile

This long established business offers a unique service bringing together a broad range of products and technical expertise. The company distributes a wide range of adaptors and fittings, pipe fittings, hose, tubing, valves, clips and clamps. It`s procurement expertise ensures best value for money across its entire catalogue.

Customer Service:

Customer service is paramount and is borne out by the very long standing relationship with the company`s loyal and trusting customer base.

Key strengths:

A long established and tested business model operating in a very niche sector. The company enjoys strong repeat business.

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.

Turnover c. £573,000
Gross profit c. 33%
Net Assets: £79,575
Adjusted net profit c. £130,000

Asking Price:

The asking price of £279,000 + NAV is for 100% of the issued share capital of the company. Assuming net assets of approximately £79,575 on completion (calculated on a zero cash-zero debt basis ). The company has significant cash at bank balance which is not reflected in the asking price.

Advertising and Marketing:

The company enjoys a very low advertising spend and relies heavily on its loyal customer data base and excellent levels of ‘word of mouth recommendations.

Growth and Expansion:

Annual revenue has remained historically consistent. A trade purchaser of the business could boost revenues by introducing their own customer data base. This business operates in a very niche sector with limited competition.

Premises:

There are no long term lease obligations. This business is fully relocatable. In any case the current rent is very low at £6,000 per annum.

Employees:

The business is managed on a day to day basis by the current owners and one full time member of staff.

The adjusted profit figure is arrived at after imputing a salary to replace one of the two owners.

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

Retirement

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk