| (REF: 9920SW) Freehold Supplier for Decorating Plumbing and DIY Market |
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| Seller Reference: |
9920SW |
| B4S Reference: |
24062 |
| Asking Price: |
£1,250,000
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| Net Profit: |
£170,000 |
| Sales Revenue: |
£825,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Undisclosed, South West London, United Kingdom |
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SOUTH WEST LONDON
TRADE AND RETAIL SALES FOR THE DECORATING, PLUMBING, HARDWARE AND DIY MARKET
Established 40 years
Turnover £825,038 (2010)
EBITDA averaging £170,000 per annum over the last 4 years
Freehold £1,250,000 apportioned
o Goodwill £550,000
o Flat £300,000
o Shop £200,000
o Shop £200,000
Ref: 9920 SW
BUSINESS SUMMARY
This consistently successful company has developed an excellent reputation in the supply of decorating materials, along with tools, plumbing and hardware to the trade and DIY market. Trading from its base in a densely populated south London suburb, customers are generally located within immediate vicinity, and are mainly drawn from the plumbing and decorating trades, with a significant portfolio of DIY enthusiasts. Good relationships with manufacturers and suppliers allow a very wide range of products to be stocked, sourced and supplied to specific customer requirements.
Our client has enjoyed a successful trading history spanning the last 40 years. During this period, the business has always generated significant and very consistent profits. The customer base is well spread and the business benefits from a stable, well qualified staff, with exceptionally low rates of turnover. In financial terms the balance sheet is very strong, with a consistently high EBITDA figure ensuring excellent earnings for a new buyer.
Over the last 10 years the company has both consolidated its position within the market place and developed a number of new customers. Demand is strong and reasonably stable, with the slowdown in the housing market stimulating demand within the DIY community and within the painting and decorating market. In addition, ongoing development within the capital continues apace, ensuring a strong supply of new work.
The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the industry and with an acquisitive growth strategy. Such a purchase would give access to mature repeat customer base, a company with solid financials and a reliable staff compliment. The business could also appeal to a rival firm, or alternatively, a company operating within the wider industry supplying products to various trades.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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The company is ideally located to service the very substantial London market. As such, it can exploit opportunities that will invariably arise over the next few years. Marketing at present is limited to the basic company website along with the production of a marketing flyers and inclusion within various trade based publications. Focus on business development activity generally, and web based sales in particular, should easily increase the companys share of a sizeable market. The business is currently operated at a comfortable pace to suit the lifestyle of the directors. The shop is closed at weekends and a buyer could exploit the considerable opportunities presented by weekend trading.
Our client has concentrated on supplying customers within the decorating and plumbing sectors. There would be considerable scope to develop sales within other trade sectors, and to extend the range of products offered.
The business could easily be extended beyond the confines of south London and there could be considerable cost savings for the right buyer, with the possibility of rationalizing two shops
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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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