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Far Ranging Filtration Solutions Provider and Distributor

Ref. GM015

Location : Nottinghamshire

Asking Price : £250,000 plus SAV

Turnover : £360,000

Net Profit : £63,000

Gross Profit : £160,000

EBITDA : Undeclared

Net Asset : £10,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Premises: Leasehold

Asking price includes:

Turnover: £360,000
Gross Profit: £160,000
Adjusted Net Profit: £63,000
EBITDA: Undeclared
Net Asset: c£10,000
15 years established
A fully recognised brand cross referenced in many
manufacturers search tables

Introduction:

Turner Butler has been appointed to invite offers for 100% of the issued share capital of this long time established commercial filtration solutions provider. A broad range filter supply Service Company.

Business Profile

This filtration specialist occupies a unique position in the filtration supply chain. Clean air, Oil, Fuel, hydraulics and water are essential to keep mobile and capital equipment running efficiently and cost effectively. They have detailed knowledge of worldwide manufacturing infrastructure. They offer a broad range of applications, which includes automotive, heavy duty vehicles, agriculture, process industry, marine and aviation. They are a master distributor for a number of key manufacturers.

Customer Service:

Customer service is paramount. All customers are treated as business partners. They are given stock management advice and cross referencing and technical support. The company offers full UK and international distribution.

Key Strengths:

The business occupies a unique position in the filtration supply chain, with an extensive computerised multi brand cross referenced system. They can source and supply both common and specialist filtration parts to either end users or to next level distribution.

Financial Performance:

Turnover c. £360,000

Gross profit c. £160,000

Adjusted net profit: £63,000 before drawings

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 £250,000 is for 100% of the issued share capital of the company. Assuming net assets on completion of approximately £10,000 (calculated on a zero cash-zero debt basis). There will be a £ for £ adjustment to the final sale price to reflect any movement away from this £10,000 NAV figure.

Advertising and Marketing:

There is currently a zero spend on marketing. This is one area of significant growth potential. Currently there is very little pro-active sales activity.

Growth and Expansion:

An existing parts distributor could add a full line filter range as a wider offering.

Premises:

The business operates out of a 460 Sq. M leased warehouse based on a large industrial estate.

Employees:

There are two full time employees and three part time.

Reason for Sale:

Retirement

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