Commercial and Domestic Supplier of Hand/Power Tools Bolts and Bearings
Asking Price: £109,000 plus SAV
Location: East Anglia
Turnover: £485,000
Net Profit: £46,000
Gross Profit: 25.5%
EBITDA: £46,000
Premises: Leasehold
Asking price includes:
Turnover: £485,000
Gross Profit: 25.5%
Net Profit: £46,000
20 years established
Highly experienced team
Well known brand
Introduction:
Turner Butler has been appointed to invite offers for 100% of the issued share capital of this long time established Hand/Power tools, bearings, bolts, and welding business.
Business Profile:
The company provides an efficient, reliable bolts and bearings service in East Anglia. They repair tumble dryers, washing machines, building and mechanical equipment, earth moving equipment and air conditioning units - over 50% of their turnover is from Hand/Power Tool sales.
Key strengths
With 19 years industry experience, the business provides an efficient, reliable service across East Anglia.
Financial performance:
Turnover c. £485,000
Gross profit c. 25.5%
Adjusted net profit c. £46,000
Asking Price:
The asking price of £109,000 plus stock is for 100% of the issued share capital of the company.
Advertising and Marketing:
The company`s long standing reputation removes the need for any significant advertising spend.
Premises:
The company operates out of leasehold premises with current annual rent and rates totalling £7,000.
Employees:
The business works with sub contracted labour and two employees.
Financial Information:
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.
Turnover c. £485,000
Gross profit c. 25.5%
Adjusted net profit c. £46,000
Reason for Sale:
Retirement
