Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Importer & Distributor /exporter Of Original Fuel Injection Parts & Equipment

LISTING DETAILS
Firms For Sale ID:
29928
Vendor reference:
FA004
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£175,000  
Turnover / revenue:
£210,000
Net profit / cashflow:
£40,000
Years established:
25
Trading hours:
Monday Friday: 0900 1530 (through choice)
Number of employees:
2

OTHER DETAILS
Reason for selling:
Planning exit with retirement in mind.
Support and training:
The vendor will provide a comprehensive handover to ensure a seamless transition of ownership. Vendor would also be more than happy to stay on for a further period as a consultant should a new owner so require, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal office space within a business centre. The premises comprise offices circa 400 square feet with additional storage space. Current rent is circa GBP 1,200 month (including light and heating). Rates are circa GBP 1,080 per annum. The business could easily be relocated at minimal cost should a new owner so wish.
 
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BUSINESS DESCRIPTION
Importer & Distributor /Exporter of Original Fuel Injection Parts & Equipment
Supplying Automotive, Industrial, Commercial & Marine Markets Worldwide
Ref.FA004
Location Lancashire/Fully Relocatable
Asking Price GBP 175,000 (inc. stock)
This well established and reputable business was set up some 25 years ago by the vendor and in that time has grown into a highly professional and respected European distributor of fuel injection equipment. The company provides a broad range of original parts and components (including pumps injectors, starters alternators, valves and spares) to customers within a variety of markets including the automotive (both cars and commercial vehicles), industrial, commercial and marine sectors on both a UK and European scale.

The business has set up an enviable supply chain over the years and sources parts direct from original equipment manufacturers that are leaders in their field. The manufacturing companies provide in demand reliable parts that are synonymous with quality.

The company has circa 20 regular customers with a further 30 customers who order on an adhoc basis. In saying that the business is always attracting new referrals such is its reputation and this customer base could easily be expanded upon with a focused sales and marketing strategy. Clients include large blue chip clients as well as small local organisations. At present apporximately 25% of sales are to customers within the UK with the remaining 75% being exported to Europe.

The company generates impressive profits, has a sterling reputation and holds moderate levels of stock (circa GBP 7,000). It has low fixed overheads and operates from rented premises so could easily be relocated should a new owner so require.

Expansion Potential
The company has access to further product ranges and could easily expand its product offering to incorporate more complimentary items. A more proactive approach to sales (the business has never felt the need to go and visit customers to date) and indeed to e commerce would also improve performance as the products this company sources are used throughout the world so the target markets are huge.

Moving forward the business could easily look at setting up agents in the UK and Europe on a commission only basis to further develop existing customer accounts and develop new business.

The business currently deals with high quality parts from brand leaders. However there is strong demand for reconditioned/re engineered items to serve the economy market should a new owner wish to develop that side of the business.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise as it enjoys high levels of repeat business, word of mouth recommendations and referrals. It could certainly benefit from a more strategic sales and marketing approach. The vendor does do some email and fax marketing (limited) and it also has a basic internet presence. E commerce certainly represents a significant opportunity to help grow the business.