| (REF: AM146 ) Plant & Commercial Motor Factor |
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| Seller Reference: |
AM146 |
| B4S Reference: |
23228 |
| Asking Price: |
£399,000
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| Net Profit: |
£40,000 |
| Sales Revenue: |
£383,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Greater Manchester, North West England, United Kingdom |
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This well established and reputable business was set up some 30 years ago and in that time has grown into a highly professional and respected supply company providing a broad range of motor spares and components to the commercial vehicle trade within the North West region.
The core market this business serves is the commercial vehicle aftermarket but it also supplies parts on a smaller scale to the plant, industrial and hydraulics aftermarket. The company has circa 150 regular customers within a 25 mile radius of its location. These include very large blue chip clients as well as small local organisations.
The company holds good levels of stock and has modern well equipped premises where it operates from. The main site is rented and the business also has additional long leasehold (58 years remaining)storage units(circa £200,000), one of which it currently rents out, the other is used to hold its own stock. The business owns the long leasehold building and this is included within the asking price
The vendor would ideally like to sell the business with the long leasehold buildings but may consider retaining the building if a new owner did not require it.
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Property: |
Leasehold |
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Lease Terms: |
The business has two sites one being the main trading centre, the other being a storage site. The main trading premises are modern with room for expansion. They are situated on a small industrial estate with good access. The site is rented. Current rent is circa £6000 p.a. (inc all utilities and waster disposal). Rates are circa £1100 p.a. Site is circa 1800 square feet and includes trade counter, offices, warehouse and mezzanine. The business also has two storage containers outside.
The second site is owned by the business. It comprises two storage units with total floor space circa 5000 square feet situated on a third of an acre site with ample room for further expansion.. It is long leasehold (58 years remaining). Business pays £199 rent p.a. Property value is circa £200,000. The business currently rents one unit out and the other is used for its own storage.
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Current Rent: |
Current rent is circa £6000 p.a. |
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Living Accommodation: |
No |
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The business enjoys high levels of repeat business, word of mouth recommendations and referrals but could benefit from a more strategic medium/long term sales and marketing campaign. It has no internet presence to date but does undertake some direct mailshot marketing on a periodic basis. |
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The company has access to enhanced further product ranges and could easily expand its product offering to incorporate more electrics, pneumatic fittings and filters. The current infrastructure could certainly accommodate this. A more proactive approach to e-commerce would also improve performance. To date the business does not have a website or any form of e-commerce. |
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The vendor is more than happy to provide a comprehensive handover period. |
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The owner is planning his exit strategy. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday – Friday: 0800-1700
Saturday 0900-1200
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The vendor overseas the business operation and is well supported by the team he has put in place, so much so that the business runs day to day without his involvement. They are a structured and experienced team of motivated individuals who have designated roles and responsibilities. Staff include two full time internal sales/department managers, one part time driver, one part time external sales representative and one part time accounts administrator. |
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