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Trade and Retail Reseller of Tiles, Materials and Work Tools

Ref. GE099

Location : Kent

Asking Price : £115,000 plus SAV

Turnover : £180,000

Net Profit : £35,700

Gross Profit : £54,000

EBITDA : Undeclared

Net Asset : £20,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking Price Includes:

Turnover: £180,000
Gross Profit: £54,000
Net Profit: £35,700
EBITDA: Undeclared
Net Assets: £20,000
Premises: Leasehold
Established base of local trades people
Strong local customer base
Fully fitted showroom

Introduction:

Turner Butler has been appointed to invite offers of purchase for 100% of the issued share capital of this long established tiles, materials and tools reseller.

Business Profile

The business is involved with sales of tiles, materials and tools to traders as well as retail customers. They have a strong base of traders who regularly buy tools, adhesives, grouts and other materials. Traders often refer their clients to the showroom.

Customer Service:

Customer service is paramount. This is borne out by the high level of repeat business.

Key Strengths:

An extensive local customer base with tremendous amounts of word of mouth recommendations.

Financial Performance:

Turnover c. £180,000

Gross profit c. £54,000

Adjusted net profit c. £35,700

100% of 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.

Asking Price:

The asking price of £115,000 is for 100% of the issued share capital of the company. Assuming net assets of approximately £20,000 on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

The company does not advertise.

Growth and Expansion:

There is no online presence with this business nor do they pay to advertise. This is two potential areas for growth and expansion.

Premises:

The showroom is located on a modern enterprise park. Current annual rent and service charge amount to £9,670 per annum.

Employees:

Only the current owner

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