Importer & Wholesale Distributor of Quality Commercial Ware Washing Equipment, Commercial Spares and Water Filtration equipment
Location : Hampshire
Asking Price : £300,000 + SAV
Turnover : £800,000
Net Profit : £170,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Leasehold
Confidentially offered for sale
Annual Turnover circa £800,000 per annum
Adjusted Net Profit circa £170,000 per annum
Stock circa £65,000
New lease available
Fixtures and fittings
Up to date technology
Regular, reliable customers
Busy and popular trading location
Brand resellers of recognised quality
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
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%
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
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 2020 projected £800,000 p.a.
Adjusted Net Profit before owners’ drawings circa £170,000 per annum
Stock circa £65,000
Gross Profit Margins circa 29%
The Asking Price of Offers in the Region of £300,000 plus stock at cost value for 100% of the Issued Share Capital of the company. This is on a debt free cash free basis.
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.
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.
A 3600sq ft (approx.) leasehold warehouse with 18months renewable lease
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
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner.
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 availableTurner Butler Disclosure Statement
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