Total of 18648 firms and businesses for sale today Wednesday 18th May 2022
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Finance And Services:

Business For Sale. Established Plumbing And Heating Supplies Business

LISTING DETAILS
Firms For Sale ID:
35145
Vendor reference:
GD122
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£540,000  
Turnover / revenue:
£1,900,000
Net profit / cashflow:
Undisclosed
Years established:
45
Number of employees:
7
Employees / staffing:
There are 5 full time employees plus 2 part time. The managing director is prepared to offer an extensive handover

OTHER DETAILS
Reason for selling:
Retirement of the older shareholders.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Asking Price: 540,000 plus NAV

Location: London

Confidentially offered for sale

Asking price includes:

Turnover: 1,900,000

Gross Profit: 32%

Net Profit: 221,000 before drawings

NAV 575,000 of which c300k is stock and 330k is debtors

45 years established

Premium long standing customer base

A very straight and comprehensive business

Business Profile:

This exceptional plumbing and heating supplies business operates from six attached shop units effectively converted into one. Adjoined to the shop front is an immaculately presented warehouse which boasts unbelievable storage and comprehensive levels of stock.

Customer Service:

Customer service is paramount. This is borne out by 45 years of successful trading and the retention of many long term trade accounts.

Key Strengths:

The business commenced trading many years ago. It operates from a superb prominent shop front and storage unit. A smooth and impeccable trading history is its major key strength.

Financial Performance:

Turnover c. 1,900,000

Gross profit c. 32%

Net profit before drawings: 221,000

Asking Price:

The asking price of 540,000 + net assets (total net asset value including stock, net debtor book and net cash is 575,000) is for 100% of the issued share capital of the company. We are advised that the NAV includes c300k of stock and 330k of trade debtors

Advertising and Marketing:

The company`s long standing professional reputation removes the need for any advertising spend.

Premises:

Five shop units and one shop blended into one, providing an area of approximately 15,000 sq ft adjoined to an immaculately presented warehouse. There is also 2 designated parking spaces outside the shop.

Employees:

There are 5 full time employees plus 2 part time. The managing director is prepared to offer an extensive handover.

Financial Information:

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.

Reason for Sale:

Retirement of the older shareholders.