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Importer & Wholesale Distributor of Quality Commercial Ware Washing Equipment, Commercial Spares and Walter Filtration equipment

Ref. AP030

Location : Hampshire

Asking Price : £540,000 + SAV

Turnover : £1,400,000

Net Profit : £271,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking price: £540,000 + SAV

Askig price includes:

Annual Turnover circa £1,400,000 per annum
Adjusted Net Profit circa £271,000 per annum
Stock circa £210,000

New lease available
Fixtures and fittings
Up to date technology
Regular, reliable customers
Busy and popular trading location
Brand resellers of recognised quality
Significant Goodwill

Business Profile

The business is well-established, incorporated more than 12 years ago by the vendors as an importer and wholesale distributor of quality commercial ware washing and water filtration equipment and commercial spares to the UK market. During this time the business has developed its own brand and range of commercial equipment and much, much more

Their products include equipment spares, accessories and complimentary consumables that it sells through the trade as well as to end users including service/FM companies and the public sector.

The business is currently located in the South of England but could easily be relocated anywhere in the UK. This would not disrupt the customer base as it is ecommerce lead and dealers cover England, Scotland, Wales and Northern Ireland as well as shipping to Europe and further afield

The business has an attractive informative website, the main 2 E-commerce sites, an eBay shop and an Amazon shop which are fully integrated with sage line 50 therefore benefiting in huge reduction is staffing and back office functions/requirements All this is included within the sale, as is the brand name, stock etc. The company utilises Sage accounting software and IT based office systems. Also included Warehouse lift forklift & modern pallet racking

The business also has a long term and short-term rental of equipment which has its own branding and website and currently produces over £3500.00 per month in income at a margin of 76% which could easily be further developed

Customer Service:

The company and the brand it has developed in the UK is well known and trusted. All products are CE marked and offer full warranty cover where applicable. The owners/manufacturers have an in-depth knowledge and understanding of the industry. In addition to the main business there is also a short- and long-term equipment hire/rental operation which operates at margins in excess of 70%

Key Strengths:

Currently sell to the Dealers, engineers, service companies, facilities management companies, competitors, NHS, Public Sector (schools, police, fire, universities, prisons, charities etc…) as well as end users including pubs, restaurants, hotels, cafes and any other hospitality lead businesses as well as some home consumers.

Quality Products and brands including Multinational Blue Chip Distribution Reseller

• Competitive Prices- Increased Margins
• Good stockholding for JIT delivery (we are advised current stock holding is in excess circa £200,000)
• Brand resellers of recognised quality
• Huge market to attack with effective routes to market already in place.
• Relocatable and very expandable

Additionally, the company benefits from having negotiated some years ago several key industry leading purchase prices which enables it to offer trade leading competitive pricing enabling it to beat major nationals on price, service, product knowledge and stock availability

Financial Information:

The business 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 for current financial year ending 3 June 2019 projected £1,300,000 p.a.
Annual Turnover circa £1,400,000 per annum

Adjusted Net Profit circa £271,000 per annum

Stock circa £210,000
Gross Profit Margins circa 29%

Asking Price:

The Asking Price of Offers in the Region of £540,000 plus stock at cost value for 100% of the Issued Share Capital of the company. This is on a debt free cash free basis.

Advertising:

The business has its own highly informative Ecommerce website as well as an eBay shop, Amazon shop and an additional non-e commerce information and advertising website. With an additional desirable dormant e commerce website fully ready to go and be reactivated. It would certainly benefit from a new marketing push.

Growth and Expansion/Opportunities:

To build on and re-develop Dealer Accounts offering them exclusivity of an alternative Brand to the Major players.

To develop alternative Routes to Market i.e. National Accounts, export markets as well as developing the trade wholesaling side of the business

A new owner will provide new levels of business acumen, impetus and energy and possibly a wider range of products to drive the company forward, thus exploiting the many existing business opportunities available.

Premises:

A 3600sq ft (approx.) leasehold warehouse with 18months renewable lease

Employees:

The 2 owners work in the business days on a daily basis. The business also employs 2 full time members of staff who provide sale, service and trade counter support as well as running the warehouse. The business also employs 2 of part time administrators/marketing personnel who would be leaving the business upon completion of the sale

Support and Training:

The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner.

Reason for Sale:

The vendors are planning their exit with early retirement pending as well as having another totally unconnected business they wish to expand on. They also believe the business now needs a new injection of energy and business acumen to maximise the many, many opportunities it has available

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